Smith Moore & CO. boosted its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 10.7% during the second quarter, Holdings Channel reports. The fund owned 2,065 shares of the business services provider’s stock after acquiring an additional 200 shares during the period. Smith Moore & CO.’s holdings in Fiserv were worth $221,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the business. Thompson Investment Management Inc. grew its holdings in Fiserv by 7.1% during the 2nd quarter. Thompson Investment Management Inc. now owns 68,302 shares of the business services provider’s stock worth $7,301,000 after acquiring an additional 4,521 shares during the last quarter. Empirical Finance LLC boosted its stake in shares of Fiserv by 20.1% in the 2nd quarter. Empirical Finance LLC now owns 6,596 shares of the business services provider’s stock valued at $705,000 after purchasing an additional 1,106 shares during the last quarter. Ethic Inc. boosted its stake in shares of Fiserv by 24.3% in the 2nd quarter. Ethic Inc. now owns 11,691 shares of the business services provider’s stock valued at $1,250,000 after purchasing an additional 2,288 shares during the last quarter. Mid Atlantic Financial Management Inc. ADV boosted its stake in shares of Fiserv by 6.3% in the 2nd quarter. Mid Atlantic Financial Management Inc. ADV now owns 4,408 shares of the business services provider’s stock valued at $471,000 after purchasing an additional 260 shares during the last quarter. Finally, Aigen Investment Management LP bought a new position in shares of Fiserv in the 2nd quarter valued at about $2,393,000. 89.87% of the stock is currently owned by hedge funds and other institutional investors.
Shares of FISV stock opened at $108.55 on Friday. The business’s 50 day simple moving average is $112.69 and its 200 day simple moving average is $115.55. Fiserv, Inc. has a one year low of $92.81 and a one year high of $127.34. The stock has a market capitalization of $71.88 billion, a PE ratio of 64.61, a PEG ratio of 1.31 and a beta of 0.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.03 and a quick ratio of 1.03.
In other Fiserv news, insider Byron C. Vielehr sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 15th. The stock was sold at an average price of $109.63, for a total value of $1,096,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Guy Chiarello sold 20,000 shares of Fiserv stock in a transaction dated Monday, August 23rd. The shares were sold at an average price of $117.64, for a total value of $2,352,800.00. Following the sale, the chief operating officer now owns 237,375 shares of the company’s stock, valued at approximately $27,924,795. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,000 shares of company stock valued at $8,157,500. Insiders own 1.60% of the company’s stock.
Several research firms recently weighed in on FISV. JPMorgan Chase & Co. lifted their price objective on shares of Fiserv from $142.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 17th. BNP Paribas raised shares of Fiserv from an “underperform” rating to a “neutral” rating and set a $116.00 price objective on the stock in a research note on Tuesday, August 10th. Rosenblatt Securities lifted their price objective on shares of Fiserv from $150.00 to $153.00 and gave the stock a “buy” rating in a research note on Wednesday, July 28th. Truist lowered shares of Fiserv from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research note on Monday, June 7th. They noted that the move was a valuation call. Finally, Truist Securities downgraded shares of Fiserv from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a report on Monday, June 7th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Fiserv currently has an average rating of “Buy” and an average price target of $130.63.
Fiserv, Inc engages in the provision of financial services technology. It operates through the following segments: Merchant Acceptance; Financial Technology; Payments and Network. The Merchant Acceptance segment provides commerce enabling solutions and serves merchants of all sizes around the world. The Financial Technology segment provides financial institutions with financial institutions with the technology solutions need to run operations including products and services that enable financial institutions to process customer deposit and loan accounts.
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