Allen Mooney & Barnes Investment Advisors LLC acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 69,692 shares of the business services provider’s stock, valued at approximately $4,681,000.
Several other institutional investors and hedge funds have also recently modified their holdings of FISV. Capital World Investors grew its holdings in Fiserv by 35.2% during the third quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock worth $3,324,073,000 after buying an additional 6,714,536 shares in the last quarter. Legal & General Group Plc raised its position in Fiserv by 3.8% in the 3rd quarter. Legal & General Group Plc now owns 3,638,031 shares of the business services provider’s stock valued at $469,051,000 after buying an additional 131,935 shares during the last quarter. Barclays PLC lifted its stake in Fiserv by 116.0% during 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 in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Fiserv by 24.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,138,413 shares of the business services provider’s stock worth $404,687,000 after acquiring an additional 607,213 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in Fiserv by 3.9% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,921,333 shares of the business services provider’s stock worth $362,128,000 after acquiring an additional 109,427 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.
Fiserv Price Performance
FISV opened at $56.16 on Monday. Fiserv, Inc. has a 12 month low of $52.91 and a 12 month high of $222.62. The company has a market cap of $30.03 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 1.74 and a beta of 0.79. 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 company has a 50 day moving average of $59.83 and a 200 day moving average of $76.00.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on FISV shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Fiserv in a report on Monday, December 29th. Raymond James Financial downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Stephens decreased their price objective on shares of Fiserv from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 11th. UBS Group dropped their target price on shares of Fiserv from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Finally, BNP Paribas Exane upped their target price on Fiserv from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, February 11th. Nine research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $106.13.
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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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