Heritage Trust Co bought a new position in Fiserv, Inc. (NASDAQ:FISV – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,245 shares of the business services provider’s stock, valued at approximately $621,000.
Several other large investors have also made changes to their positions in the company. Stonebridge Capital Advisors LLC raised its position in shares of Fiserv by 2.3% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock worth $744,000 after buying an additional 98 shares during the period. Bison Wealth LLC increased its holdings in Fiserv by 5.3% in the 4th 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. Cornerstone Planning Group LLC increased its holdings in Fiserv by 50.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 472 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 158 shares in the last quarter. ROI Financial Advisors LLC increased its holdings in Fiserv by 10.3% in the 3rd 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. Finally, WASHINGTON TRUST Co increased its holdings in Fiserv by 3.5% in the 3rd 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. 90.98% of the stock is owned by hedge funds and other institutional investors.
Fiserv Stock Down 4.4%
Shares of Fiserv stock opened at $56.46 on Wednesday. The business has a 50-day moving average of $57.60 and a 200-day moving average of $61.59. 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 company has a market capitalization of $30.11 billion, a PE ratio of 9.57, a P/E/G ratio of 1.65 and a beta of 0.79. Fiserv, Inc. has a 1-year low of $52.17 and a 1-year high of $177.36.
Analyst Ratings Changes
Several analysts recently issued reports on the company. UBS Group set a $65.00 price target on Fiserv and gave the company a “neutral” rating in a report on Wednesday, May 6th. TD Cowen reiterated a “buy” rating on shares of Fiserv in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft lowered their price target on Fiserv from $63.00 to $60.00 in a report on Monday, May 11th. Truist Financial set a $58.00 price target on Fiserv and gave the company a “hold” rating in a report on Friday. Finally, Rothschild & Co Redburn lowered their price target on Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a report on Tuesday, May 12th. Nine investment analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Fiserv has an average rating of “Hold” and a consensus price target of $82.80.
Read Our Latest Analysis on FISV
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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