Leuthold Group LLC bought a new position in Fiserv, Inc. (NASDAQ:FISV – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,485 shares of the business services provider’s stock, valued at approximately $519,000.
Other institutional investors have also recently added to or reduced their stakes in the company. William Mack & Associates Inc. acquired a new stake in shares of Fiserv during the 3rd quarter worth approximately $26,000. Next Level Wealth Planning LLC acquired a new position in shares of Fiserv during the 3rd quarter valued at $29,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Fiserv during the 2nd quarter valued at $30,000. Osterweis Capital Management Inc. acquired a new position in shares of Fiserv during the 2nd quarter valued at $32,000. Finally, Pinnacle Wealth Planning Services Inc. boosted its stake in Fiserv by 49.3% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 854 shares of the business services provider’s stock worth $39,000 after acquiring an additional 282 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.
Fiserv Stock Performance
Shares of FISV stock opened at $63.32 on Wednesday. The firm has a market capitalization of $33.69 billion, a PE ratio of -8.53, a price-to-earnings-growth ratio of 5.65 and a beta of 0.85. The firm has a fifty day simple moving average of $49.75 and a two-hundred day simple moving average of $54.56. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.22. Fiserv, Inc. has a 12 month low of $43.87 and a 12 month high of $70.41.
Fiserv (NASDAQ:FISV – Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The business services provider reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.03. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.85 billion. Fiserv had a negative net margin of 18.91% and a positive return on equity of 15.76%. Fiserv’s revenue for the quarter was down 1.3% compared to the same quarter last year. Analysts forecast that Fiserv, Inc. will post 7.27 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
FISV has been the topic of several research reports. Susquehanna dropped their price objective on shares of Fiserv from $91.00 to $85.00 and set a “positive” rating on the stock in a report on Friday, August 7th. Cantor Fitzgerald increased their price objective on shares of Fiserv from $48.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday. Truist Financial boosted their target price on Fiserv from $51.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday. B. Riley Financial reaffirmed a “neutral” rating and set a $60.00 price target (up from $51.00) on shares of Fiserv in a research note on Wednesday, November 4th. Finally, Citigroup increased their price target on Fiserv from $53.00 to $62.00 and gave the stock a “neutral” rating in a report on Wednesday, November 4th. Six investment analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $64.26.
Read Our Latest Research Report on Fiserv
Fiserv Profile
Fiserv is a financial technology company that provides payment and financial services technology to banks, credit unions, businesses and merchants. Its offerings include payment processing, digital banking, account processing, debit and credit card services, and tools that help financial institutions manage customer accounts and transactions. For merchants, Fiserv offers Clover, a platform that combines point-of-sale hardware and software with payment acceptance and business management tools. The company also provides services for processing digital and in-person payments and supporting commerce across multiple channels.
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