C Partners Holding GmbH bought a new stake in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 150,129 shares of the business services provider’s stock, valued at approximately $10,084,000. Fiserv makes up 2.7% of C Partners Holding GmbH’s portfolio, making the stock its 8th largest position.
Several other hedge funds have also recently added to or reduced their stakes in FISV. Vanguard Group Inc. bought a new stake in Fiserv during the 4th quarter valued at $3,507,063,000. Dodge & Cox bought a new stake in Fiserv during the 4th quarter valued at $3,323,210,000. State Street Corp bought a new stake in Fiserv during the 4th quarter valued at $1,588,663,000. Geode Capital Management LLC bought a new stake in Fiserv during the 4th quarter valued at $854,215,000. Finally, Morgan Stanley bought a new stake in Fiserv during the 4th quarter valued at $798,104,000. Institutional investors own 90.98% of the company’s stock.
Fiserv Stock Performance
Shares of NASDAQ FISV opened at $49.83 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $26.57 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 1.34 and a beta of 0.79. The stock’s fifty day simple moving average is $57.04 and its 200 day simple moving average is $60.93. Fiserv, Inc. has a 52-week low of $47.37 and a 52-week high of $177.36.
Analysts Set New Price Targets
A number of analysts have recently commented on FISV shares. Cantor Fitzgerald dropped their price objective on Fiserv from $70.00 to $62.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Susquehanna restated a “positive” rating and issued a $91.00 price objective (down from $99.00) on shares of Fiserv in a report on Monday, May 4th. The Goldman Sachs Group cut their price objective on Fiserv from $79.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, April 13th. UBS Group set a $65.00 price objective on Fiserv and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, BMO Capital Markets raised their price objective on shares of Fiserv from $55.00 to $60.00 and gave the company a “market perform” rating in a research report on Friday, May 15th. Nine research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $82.23.
Check Out Our Latest Stock Analysis on FISV
Key Stories Impacting Fiserv
Here are the key news stories impacting Fiserv this week:
- Positive Sentiment: Fiserv launched a $2.75 billion tender offer for senior notes, a move that may lower future interest costs and improve financial flexibility. Article Title
- Positive Sentiment: Michael Burry reportedly added to his Fiserv position, signaling that some investors see the post-selloff weakness as an opportunity. Article Title
- Neutral Sentiment: Goldman Sachs kept a Hold rating and maintained its $70 price target, suggesting the brokerage is waiting for more clarity on the leadership transition and operating trends. Article Title
- Negative Sentiment: The CEO shakeup remains the main overhang, with investors worried about strategic continuity after Lyons’ abrupt exit just after investor day. Article Title
- Negative Sentiment: Ademi LLP’s shareholder investigation into possible fiduciary-duty claims adds another layer of legal and governance risk. Article Title
About Fiserv
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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