Intrepid Capital Management Inc. purchased a new position in Fiserv, Inc. (NASDAQ:FISV – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 17,038 shares of the business services provider’s stock, valued at approximately $1,144,000.
A number of other institutional investors have also added to or reduced their stakes in FISV. Brighton Jones LLC raised its holdings in Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after purchasing an additional 2,033 shares in the last quarter. Bison Wealth LLC raised its holdings in Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after purchasing an additional 116 shares in the last quarter. Schnieders Capital Management LLC. raised its holdings in Fiserv by 21.0% in the second quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock worth $480,000 after purchasing an additional 483 shares in the last quarter. Jump Financial LLC bought a new position in Fiserv in the second quarter worth $1,001,000. Finally, Gamco Investors INC. ET AL raised its holdings in Fiserv by 7.2% in the second quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock worth $897,000 after purchasing an additional 350 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.
Fiserv Price Performance
Shares of NASDAQ:FISV opened at $53.78 on Friday. Fiserv, Inc. has a 1-year low of $51.78 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 business has a fifty day moving average price of $57.33 and a 200-day moving average price of $61.10. The company has a market capitalization of $28.68 billion, a PE ratio of 9.12, a PEG ratio of 1.51 and a beta of 0.79.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. BNP Paribas Exane downgraded Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price objective for the company. in a report on Friday, June 5th. Susquehanna reiterated a “positive” rating and issued a $91.00 price objective (down from $99.00) on shares of Fiserv in a report on Monday, May 4th. BMO Capital Markets increased their price objective on Fiserv from $55.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, May 15th. The Goldman Sachs Group reduced their price target on Fiserv from $79.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Finally, Raymond James Financial downgraded Fiserv from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. Nine research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Fiserv presently has an average rating of “Hold” and an average price target of $82.23.
Check Out Our Latest Report 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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