Russell Investments Group Ltd. increased its stake in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) by 37.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 179,470 shares of the company’s stock after purchasing an additional 48,769 shares during the quarter. Russell Investments Group Ltd.’s holdings in Fiserv were worth $22,516,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich grew its position in Fiserv by 99,857.6% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 570,446,227 shares of the company’s stock valued at $71,961,792,000 after acquiring an additional 569,875,539 shares during the last quarter. Bank of Montreal Can bought a new position in Fiserv in the 2nd quarter valued at $128,190,000. Barclays PLC grew its position in Fiserv by 40.4% in the 2nd quarter. Barclays PLC now owns 2,189,019 shares of the company’s stock valued at $276,142,000 after acquiring an additional 629,477 shares during the last quarter. Provident Trust Co. grew its position in Fiserv by 3,919.2% in the 2nd quarter. Provident Trust Co. now owns 529,894 shares of the company’s stock valued at $66,846,000 after acquiring an additional 516,710 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its position in Fiserv by 291.9% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 380,666 shares of the company’s stock valued at $48,002,000 after acquiring an additional 283,531 shares during the last quarter. Institutional investors own 88.79% of the company’s stock.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on Fiserv in a research report on Wednesday, November 15th. They issued a “buy” rating on the stock.
Fiserv Price Performance
Shares of Fiserv stock opened at $124.08 on Tuesday. Fiserv, Inc. has a 52 week low of $87.03 and a 52 week high of $122.39. The company has a market cap of $77.94 billion, a P/E ratio of 32.74 and a beta of 0.86. The firm has a fifty day simple moving average of $116.67.
Fiserv Company Profile
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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