Taikang Asset Management Hong Kong Co Ltd 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 13F filing with the Securities and Exchange Commission. The institutional investor purchased 122,649 shares of the business services provider’s stock, valued at approximately $8,238,000.
Other hedge funds have also recently modified their holdings of the company. Elefante Mark B purchased a new stake in Fiserv during the 4th quarter valued at about $1,529,000. Delaney Dennis R purchased a new stake in Fiserv during the 4th quarter valued at about $2,804,000. Dempze Nancy E purchased a new stake in Fiserv during the 4th quarter valued at about $1,379,000. Notis McConarty Edward purchased a new stake in Fiserv during the 4th quarter valued at about $2,345,000. Finally, RBF Capital LLC purchased a new stake in Fiserv during the 4th quarter valued at about $269,000. Institutional investors and hedge funds own 90.98% of the company’s stock.
Fiserv Stock Performance
Fiserv stock opened at $49.83 on Wednesday. The firm has a 50 day simple moving average of $57.04 and a 200-day simple moving average of $60.93. Fiserv, Inc. has a 1-year low of $47.37 and a 1-year high of $177.36. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $26.57 billion, a price-to-earnings ratio of 8.45, a price-to-earnings-growth ratio of 1.34 and a beta of 0.79.
Analyst Ratings Changes
Several brokerages recently issued reports on FISV. Wells Fargo & Company dropped their price objective 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. Keefe, Bruyette & Woods dropped their price objective on shares of Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Tigress Financial reaffirmed a “buy” rating and set a $95.00 price objective on shares of Fiserv in a research note on Wednesday, March 11th. TD Cowen reaffirmed a “buy” rating on shares of Fiserv in a research note on Friday, May 15th. Finally, Royal Bank Of Canada set a $75.00 price objective on shares of Fiserv and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $82.23.
Read Our Latest Stock Analysis on FISV
Key Headlines Impacting Fiserv
Here are the key news stories impacting Fiserv this week:
- Positive Sentiment: Fiserv launched cash tender offers for its 5.150% senior notes due 2027 and 4.400% senior notes due 2049, signaling active balance-sheet management and a plan to reduce debt and future interest expense. Article Title
- Positive Sentiment: Insider buying was reported after the CEO exit, with purchases totaling more than $1 million, which can be read as a vote of confidence from management and insiders. Article Title
- Positive Sentiment: Michael Burry was cited as buying the dip, reinforcing the idea that some investors view the post-selloff valuation as attractive. Article Title
- Neutral Sentiment: Goldman Sachs maintained a Hold rating and a $70 price target, suggesting analysts see upside potential but remain cautious amid the transition. Article Title
- Neutral Sentiment: Fiserv’s valuation-focused coverage continued, with investors weighing the stock’s low multiple against management uncertainty and activist pressure. Article Title
- Negative Sentiment: The abrupt CEO departure remains the biggest overhang, as the market appears to be pricing in higher execution risk and possible uncertainty around Fiserv’s strategic direction. Article Title
- Negative Sentiment: Shareholder litigation/investigation headlines added another layer of uncertainty for investors, though these appear secondary to the CEO shock. Article Title
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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