Natixis Advisors LLC purchased a new stake in Fiserv, Inc. (NASDAQ:FISV – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 99,741 shares of the business services provider’s stock, valued at approximately $6,699,000.
Several other hedge funds and other institutional investors have also made changes to their positions in FISV. Vanguard Group Inc. purchased a new stake in shares of Fiserv during the fourth quarter worth approximately $3,507,063,000. Geode Capital Management LLC purchased a new position in Fiserv in the fourth quarter worth approximately $854,215,000. Norges Bank acquired a new position in Fiserv during the 4th quarter worth approximately $555,964,000. Capital World Investors increased its position 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 purchasing an additional 6,714,536 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Fiserv in the 4th quarter valued at approximately $250,877,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.
Fiserv Price Performance
FISV stock opened at $54.43 on Monday. The company has a market cap of $29.02 billion, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 1.52 and a beta of 0.80. The company has a fifty day moving average price of $57.49 and a 200 day moving average price of $61.36. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv, Inc. has a 12 month low of $52.17 and a 12 month high of $177.36.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on FISV. Susquehanna reaffirmed a “positive” rating and set a $91.00 price objective (down from $99.00) on shares of Fiserv in a research report on Monday, May 4th. Royal Bank Of Canada set a $75.00 price target on Fiserv and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Truist Financial set a $58.00 price objective on Fiserv and gave the company a “hold” rating in a report on Friday, May 29th. Morgan Stanley boosted their target price on Fiserv from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Finally, Compass Point lowered their price target on Fiserv from $78.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Nine analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $82.23.
Read Our Latest 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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