Inlet Private Wealth LLC 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 Securities and Exchange Commission. The firm bought 60,835 shares of the business services provider’s stock, valued at approximately $4,086,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Glenview Trust co grew its holdings in shares of Fiserv by 0.3% during the 2nd quarter. Glenview Trust co now owns 32,864 shares of the business services provider’s stock valued at $5,666,000 after purchasing an additional 85 shares during the last quarter. Trust Co. of Vermont grew its holdings in shares of Fiserv by 1.3% during the 3rd quarter. Trust Co. of Vermont now owns 6,897 shares of the business services provider’s stock valued at $889,000 after purchasing an additional 90 shares during the last quarter. Fayez Sarofim & Co grew its holdings in shares of Fiserv by 0.7% during the 2nd quarter. Fayez Sarofim & Co now owns 13,439 shares of the business services provider’s stock valued at $2,317,000 after purchasing an additional 95 shares during the last quarter. Jacobsen Capital Management increased its stake in Fiserv by 5.8% in the 3rd quarter. Jacobsen Capital Management now owns 1,767 shares of the business services provider’s stock worth $228,000 after purchasing an additional 97 shares during the period. Finally, Stonebridge Capital Advisors LLC increased its stake in Fiserv by 2.3% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock worth $744,000 after purchasing an additional 98 shares during the period. Institutional investors own 90.98% of the company’s stock.
Fiserv Price Performance
FISV opened at $56.32 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.03 and a current ratio of 1.03. Fiserv, Inc. has a 52-week low of $52.91 and a 52-week high of $221.50. The stock has a market capitalization of $30.12 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 1.74 and a beta of 0.79. The stock’s 50 day moving average price is $59.61 and its 200-day moving average price is $75.46.
Wall Street Analyst Weigh In
A number of equities analysts have commented on FISV shares. TD Cowen reaffirmed a “hold” rating on shares of Fiserv in a research note on Monday, January 12th. Tigress Financial reaffirmed a “buy” rating and issued a $95.00 price target on shares of Fiserv in a research note on Wednesday, March 11th. Compass Point decreased their price target on Fiserv from $78.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Mizuho decreased their price target on Fiserv from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, December 22nd. Finally, Raymond James Financial cut Fiserv from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Nine analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Fiserv has an average rating of “Hold” and an average price target of $106.13.
Check Out Our Latest Stock Analysis on FISV
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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