Russell Investments Group Ltd. increased its holdings in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) by 37.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 179,470 shares of the company’s stock after acquiring an additional 48,769 shares during the quarter. Russell Investments Group Ltd.’s holdings in Fiserv were worth $22,516,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Glass Jacobson Investment Advisors llc bought a new position in Fiserv during the second quarter worth about $30,000. Annapolis Financial Services LLC bought a new position in Fiserv in the 2nd quarter valued at about $36,000. Activest Wealth Management increased its holdings in Fiserv by 652.9% in the 2nd quarter. Activest Wealth Management now owns 384 shares of the company’s stock valued at $45,000 after buying an additional 333 shares during the period. Your Advocates Ltd. LLP bought a new position in Fiserv in the 2nd quarter valued at about $57,000. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in Fiserv in the 2nd quarter valued at about $73,000. 88.79% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on shares of Fiserv in a report on Wednesday, November 15th. They issued a “buy” rating on the stock.
Fiserv Stock Performance
FISV stock opened at $124.08 on Tuesday. Fiserv, Inc. has a 12 month low of $87.03 and a 12 month high of $122.39. The company has a market cap of $77.94 billion, a price-to-earnings ratio of 32.74 and a beta of 0.86. The firm has a 50-day moving average price of $116.67.
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; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.
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