Fiserv (NASDAQ:FISV) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Fiserv (NASDAQ:FISV) in a note issued to investors on Tuesday. The firm set a “buy” rating on the stock.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $119.54 on Tuesday. The stock has a market cap of $75.09 billion, a P/E ratio of 31.54 and a beta of 0.86. The business’s 50-day simple moving average is $116.81. Fiserv has a 1 year low of $87.03 and a 1 year high of $122.39.

Institutional Trading of Fiserv

Several institutional investors and hedge funds have recently made changes to their positions in FISV. PCA Investment Advisory Services Inc. acquired a new position in Fiserv in the 2nd quarter valued at about $27,000. Glass Jacobson Investment Advisors llc acquired a new position in Fiserv during the 2nd quarter worth approximately $30,000. Annapolis Financial Services LLC acquired a new position in Fiserv during the 2nd quarter worth approximately $36,000. Activest Wealth Management increased its position in Fiserv by 652.9% during the 2nd quarter. Activest Wealth Management now owns 384 shares of the company’s stock worth $45,000 after purchasing an additional 333 shares during the period. Finally, BluePath Capital Management LLC acquired a new position in Fiserv during the 3rd quarter worth approximately $53,000. 88.79% of the stock is owned by hedge funds and other institutional investors.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.