Stack Financial Management Inc bought a new stake in Fiserv, Inc. (NASDAQ:FISV) during the 1st quarter, Holdings Channel.com reports. The firm bought 148,475 shares of the business services provider’s stock, valued at approximately $17,674,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vantage Consulting Group Inc bought a new stake in Fiserv in the 4th quarter valued at approximately $26,000. Capital Asset Advisory Services LLC bought a new stake in Fiserv in the 4th quarter valued at approximately $34,000. CKW Financial Group bought a new stake in Fiserv in the 4th quarter valued at approximately $34,000. Perigon Wealth Management LLC bought a new stake in Fiserv in the 4th quarter valued at approximately $36,000. Finally, Birchcreek Wealth Management LLC bought a new stake in Fiserv in the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 91.71% of the company’s stock.
FISV opened at $124.29 on Monday. The firm has a market cap of $83.14 billion, a P/E ratio of 94.16, a price-to-earnings-growth ratio of 1.33 and a beta of 0.85. Fiserv, Inc. has a 52-week low of $91.40 and a 52-week high of $126.25. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06. The business’s fifty day moving average is $120.16 and its 200-day moving average is $111.19.
In other Fiserv news, insider Guy Chiarello sold 30,000 shares of the stock in a transaction dated Thursday, March 11th. The stock was sold at an average price of $125.67, for a total value of $3,770,100.00. Following the completion of the transaction, the insider now directly owns 290,874 shares in the company, valued at $36,554,135.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Denis Oleary bought 9,100 shares of the company’s stock in a transaction on Tuesday, February 16th. The stock was purchased at an average price of $110.99 per share, with a total value of $1,010,009.00. Following the completion of the transaction, the director now directly owns 74,478 shares of the company’s stock, valued at approximately $8,266,313.22. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by company insiders.
FISV has been the topic of a number of analyst reports. KeyCorp upped their price objective on Fiserv from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 10th. Rosenblatt Securities upped their price objective on Fiserv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, February 10th. Sanford C. Bernstein initiated coverage on Fiserv in a research note on Wednesday, January 27th. They set an “outperform” rating and a $124.00 price objective on the stock. Tigress Financial initiated coverage on Fiserv in a research note on Wednesday, December 23rd. They set a “buy” rating on the stock. Finally, Morgan Stanley upped their price objective on Fiserv from $113.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, February 12th. Three analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. Fiserv presently has a consensus rating of “Buy” and a consensus target price of $129.72.
Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; and Clover POS, a cloud-based point-of-sale solution.
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