Fiserv, Inc. $FISV Stock Bought by M&G PLC

M&G PLC boosted its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 612.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 315,602 shares of the business services provider’s stock after purchasing an additional 271,292 shares during the quarter. M&G PLC’s holdings in Fiserv were worth $14,202,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of FISV. BlackRock Inc. purchased a new position in shares of Fiserv during the second quarter valued at $2,079,711,000. JANA Partners Management LP grew its stake in Fiserv by 97.5% in the first quarter. JANA Partners Management LP now owns 4,435,605 shares of the business services provider’s stock valued at $247,507,000 after purchasing an additional 2,190,085 shares during the last quarter. Deutsche Bank AG bought a new position in Fiserv in the second quarter worth about $178,310,000. Legal & General Group Plc purchased a new stake in shares of Fiserv during the second quarter valued at about $161,557,000. Finally, Turtle Creek Asset Management Inc. lifted its position in shares of Fiserv by 968.1% during the first quarter. Turtle Creek Asset Management Inc. now owns 2,643,668 shares of the business services provider’s stock valued at $147,517,000 after buying an additional 2,396,167 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FISV has been the topic of a number of analyst reports. TD Cowen lifted their price objective on shares of Fiserv from $49.00 to $59.00 and gave the stock a “hold” rating in a research report on Wednesday, November 4th. Keefe, Bruyette & Woods raised their price objective on Fiserv from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 4th. Weiss Ratings lowered Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, October 21st. B. Riley Financial reissued a “neutral” rating and issued a $60.00 price target (up from $51.00) on shares of Fiserv in a report on Wednesday, November 4th. Finally, Bank of America initiated coverage on shares of Fiserv in a report on Thursday, October 15th. They set an “underperform” rating and a $48.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, Fiserv presently has a consensus rating of “Hold” and an average target price of $64.26.

Fiserv Price Performance

Shares of FISV opened at $63.32 on Wednesday. The business’s 50-day moving average is $49.75 and its two-hundred day moving average is $54.56. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $33.69 billion, a P/E ratio of -8.53, a P/E/G ratio of 5.65 and a beta of 0.85. Fiserv, Inc. has a fifty-two week low of $43.87 and a fifty-two week high of $70.41.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, November 3rd. The business services provider reported $1.75 EPS for the quarter, topping the consensus estimate of $1.72 by $0.03. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.85 billion. Fiserv had a positive return on equity of 15.76% and a negative net margin of 18.91%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. Research analysts predict that Fiserv, Inc. will post 7.27 earnings per share for the current year.

Fiserv Profile

Fiserv is a financial technology company that provides payment and financial services technology to banks, credit unions, businesses and merchants. Its offerings include payment processing, digital banking, account processing, debit and credit card services, and tools that help financial institutions manage customer accounts and transactions. For merchants, Fiserv offers Clover, a platform that combines point-of-sale hardware and software with payment acceptance and business management tools. The company also provides services for processing digital and in-person payments and supporting commerce across multiple channels.