Taikang Asset Management Hong Kong Co Ltd purchased a new position in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 122,649 shares of the business services provider’s stock, valued at approximately $8,238,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chicago Capital LLC acquired a new position in Fiserv during the fourth quarter valued at $1,316,000. Vulcan Value Partners LLC acquired a new position in Fiserv during the third quarter valued at $103,398,000. ZWJ Investment Counsel Inc. acquired a new position in Fiserv during the fourth quarter valued at $1,141,000. Robeco Institutional Asset Management B.V. acquired a new position in Fiserv during the fourth quarter valued at $4,127,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Fiserv during the fourth quarter valued at $14,907,000. Institutional investors and hedge funds own 90.98% of the company’s stock.
Fiserv Trading Up 4.0%
Shares of Fiserv stock opened at $49.83 on Wednesday. The firm has a 50-day simple moving average of $57.04 and a two-hundred day simple moving average of $60.93. The company has a market cap of $26.57 billion, a P/E ratio of 8.45, a price-to-earnings-growth ratio of 1.34 and a beta of 0.79. Fiserv, Inc. has a fifty-two week low of $47.37 and a fifty-two week high of $177.36. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06.
More Fiserv News
Here are the key news stories impacting Fiserv this week:
- Positive Sentiment: Fiserv launched cash tender offers for its 5.150% senior notes due 2027 and 4.400% senior notes due 2049, signaling active balance-sheet management and a plan to reduce debt and future interest expense. Article Title
- Positive Sentiment: Insider buying was reported after the CEO exit, with purchases totaling more than $1 million, which can be read as a vote of confidence from management and insiders. Article Title
- Positive Sentiment: Michael Burry was cited as buying the dip, reinforcing the idea that some investors view the post-selloff valuation as attractive. Article Title
- Neutral Sentiment: Goldman Sachs maintained a Hold rating and a $70 price target, suggesting analysts see upside potential but remain cautious amid the transition. Article Title
- Neutral Sentiment: Fiserv’s valuation-focused coverage continued, with investors weighing the stock’s low multiple against management uncertainty and activist pressure. Article Title
- Negative Sentiment: The abrupt CEO departure remains the biggest overhang, as the market appears to be pricing in higher execution risk and possible uncertainty around Fiserv’s strategic direction. Article Title
- Negative Sentiment: Shareholder litigation/investigation headlines added another layer of uncertainty for investors, though these appear secondary to the CEO shock. Article Title
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on FISV. Morgan Stanley boosted their target price on shares of Fiserv from $64.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. Mizuho decreased their target price on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Fiserv from $63.00 to $60.00 in a research report on Monday, May 11th. Loop Capital decreased their target price on shares of Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, May 15th. Finally, Truist Financial set a $58.00 target price on shares of Fiserv and gave the company a “hold” rating in a research report on Friday, May 29th. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $82.23.
Get Our Latest 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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