Vulcan Value Partners LLC purchased a new position in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,437,643 shares of the business services provider’s stock, valued at approximately $96,507,000. Fiserv accounts for approximately 1.7% of Vulcan Value Partners LLC’s investment portfolio, making the stock its 17th biggest holding. Vulcan Value Partners LLC owned approximately 0.27% of Fiserv as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also made changes to their positions in the company. Oakworth Capital Inc. acquired a new stake in Fiserv in the fourth quarter valued at approximately $25,000. Private Wealth Asset Management LLC acquired a new stake in Fiserv in the fourth quarter valued at approximately $25,000. American National Bank & Trust acquired a new stake in Fiserv in the fourth quarter valued at approximately $27,000. Kimelman & Baird LLC acquired a new stake in Fiserv in the fourth quarter valued at approximately $27,000. Finally, Goodman Advisory Group LLC acquired a new stake in Fiserv in the fourth quarter valued at approximately $27,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.
Fiserv Price Performance
Shares of Fiserv stock opened at $54.43 on Friday. The firm has a fifty day simple moving average of $57.49 and a 200-day simple moving average of $61.37. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06. Fiserv, Inc. has a 1-year low of $52.17 and a 1-year high of $177.36. The stock has a market capitalization of $29.02 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 1.57 and a beta of 0.79.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on FISV. Wells Fargo & Company reduced their target price on shares of Fiserv from $72.00 to $62.00 and set an “equal weight” rating for the company in a research note on Friday, March 27th. Loop Capital reduced their target price on shares of Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, May 15th. BMO Capital Markets lifted their target price on shares of Fiserv from $55.00 to $60.00 and gave the company a “market perform” rating in a research note on Friday, May 15th. Robert W. Baird set a $78.00 target price on shares of Fiserv in a research note on Wednesday, May 6th. Finally, B. Riley Financial reduced their target price on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $82.23.
Read Our Latest Report 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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