Landscape Capital Management L.L.C. acquired a new position in Fiserv, Inc. (NASDAQ:FISV – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 198,121 shares of the business services provider’s stock, valued at approximately $13,308,000. Fiserv makes up 0.9% of Landscape Capital Management L.L.C.’s holdings, making the stock its 9th largest holding.
A number of other institutional investors and hedge funds also recently made changes to their positions in FISV. Stonebridge Capital Advisors LLC raised its position in Fiserv by 2.3% during the second quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock valued at $744,000 after purchasing an additional 98 shares in the last quarter. Bison Wealth LLC raised its position in Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after purchasing an additional 116 shares in the last quarter. ROI Financial Advisors LLC raised its position in Fiserv by 10.3% during the third quarter. ROI Financial Advisors LLC now owns 1,871 shares of the business services provider’s stock valued at $241,000 after purchasing an additional 175 shares in the last quarter. WASHINGTON TRUST Co raised its position in Fiserv by 3.5% during the third quarter. WASHINGTON TRUST Co now owns 5,172 shares of the business services provider’s stock valued at $667,000 after purchasing an additional 175 shares in the last quarter. Finally, Notis McConarty Edward raised its position in Fiserv by 0.5% during the third quarter. Notis McConarty Edward now owns 35,840 shares of the business services provider’s stock valued at $4,621,000 after purchasing an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.
Fiserv Stock Up 1.4%
Shares of NASDAQ:FISV opened at $53.78 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $28.68 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 1.51 and a beta of 0.79. Fiserv, Inc. has a 12-month low of $51.78 and a 12-month high of $177.36. The stock’s 50-day moving average price is $57.33 and its 200-day moving average price is $61.10.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on FISV shares. Susquehanna restated a “positive” rating and set a $91.00 price target (down from $99.00) on shares of Fiserv in a research report on Monday, May 4th. TD Cowen restated a “buy” rating on shares of Fiserv in a research report on Friday, May 15th. Raymond James Financial downgraded Fiserv from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Deutsche Bank Aktiengesellschaft lowered their price target on Fiserv from $63.00 to $60.00 in a research report on Monday, May 11th. Finally, Citigroup reduced their price objective on Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $82.23.
Fiserv 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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