JB Capital LLC purchased a new position in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 64,973 shares of the business services provider’s stock, valued at approximately $4,364,000.
Other institutional investors also recently made changes to their positions in the company. Savvy Advisors Inc. purchased a new position in Fiserv in the 4th quarter valued at about $232,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Fiserv during the fourth quarter worth about $349,000. Arvest Investments Inc. purchased a new stake in shares of Fiserv during the fourth quarter worth about $78,000. Cigna Investments Inc. New acquired a new position in shares of Fiserv in the fourth quarter valued at approximately $350,000. Finally, Pflug Koory LLC acquired a new position in shares of Fiserv in the fourth quarter valued at approximately $544,000. 90.98% of the stock is owned by institutional investors and hedge funds.
Fiserv Price Performance
Fiserv stock opened at $56.16 on Friday. Fiserv, Inc. has a 1 year low of $52.91 and a 1 year high of $222.62. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a 50 day moving average price of $59.83 and a 200 day moving average price of $76.40. The company has a market cap of $30.03 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 1.74 and a beta of 0.79.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on FISV. Morgan Stanley set a $64.00 target price on shares of Fiserv in a research report on Wednesday, February 11th. Jefferies Financial Group boosted their price target on Fiserv from $60.00 to $65.00 and gave the company a “hold” rating in a report on Wednesday, January 21st. Weiss Ratings restated a “sell (d+)” rating on shares of Fiserv in a report on Monday, December 29th. Compass Point lowered their price objective on Fiserv from $78.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $70.00 target price on shares of Fiserv in a research note on Wednesday, March 11th. Nine research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Fiserv has an average rating of “Hold” and an average price target of $106.13.
View Our Latest Stock Report on Fiserv
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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