Caprock Group LLC purchased a new position in Fiserv, Inc. (NASDAQ:FISV – Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 39,898 shares of the business services provider’s stock, valued at approximately $2,680,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital World Investors boosted its holdings in shares of Fiserv by 35.2% in the 3rd quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock valued at $3,324,073,000 after acquiring an additional 6,714,536 shares during the last quarter. Barclays PLC boosted its holdings in shares of Fiserv by 116.0% in the 3rd quarter. Barclays PLC now owns 3,528,906 shares of the business services provider’s stock valued at $454,982,000 after acquiring an additional 1,895,349 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Fiserv in the 4th quarter valued at $87,458,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Fiserv in the 4th quarter valued at $77,198,000. Finally, Worldquant Millennium Advisors LLC boosted its holdings in shares of Fiserv by 2,134.9% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 993,068 shares of the business services provider’s stock valued at $171,215,000 after acquiring an additional 948,634 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.
Fiserv Stock Down 1.2%
Shares of FISV stock opened at $60.84 on Friday. The stock has a 50 day moving average of $59.26 and a 200 day moving average of $69.54. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.08. The stock has a market cap of $32.49 billion, a P/E ratio of 9.60, a P/E/G ratio of 1.91 and a beta of 0.79. Fiserv, Inc. has a twelve month low of $52.91 and a twelve month high of $191.91.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Fiserv in a research report on Monday, December 29th. B. Riley Financial reduced their price target on Fiserv from $72.00 to $69.00 and set a “neutral” rating for the company in a research report on Monday, February 23rd. Zacks Research upgraded Fiserv from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Tigress Financial reiterated a “buy” rating and set a $95.00 price target on shares of Fiserv in a research report on Wednesday, March 11th. Finally, UBS Group reduced their price target on Fiserv from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Eight analysts have rated the stock with a Buy rating, twenty-seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $92.41.
Get Our Latest Stock Report on Fiserv
Fiserv Company Profile
Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.
Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.
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