Fiserv (NASDAQ:FISV) Now Covered by StockNews.com

StockNews.com began coverage on shares of Fiserv (NASDAQ:FISV) in a research note published on Wednesday morning. The firm issued a buy rating on the stock.

Fiserv Price Performance

Shares of NASDAQ:FISV opened at $124.08 on Wednesday. The stock has a 50 day moving average price of $116.62. The firm has a market capitalization of $77.94 billion, a price-to-earnings ratio of 32.74 and a beta of 0.86. Fiserv has a 1 year low of $87.03 and a 1 year high of $122.39.

Hedge Funds Weigh In On Fiserv

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hollencrest Capital Management lifted its stake in shares of Fiserv by 75.8% in the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. PCA Investment Advisory Services Inc. acquired a new position in shares of Fiserv in the 2nd quarter valued at $27,000. Glass Jacobson Investment Advisors llc acquired a new position in shares of Fiserv in the 2nd quarter valued at $30,000. Annapolis Financial Services LLC acquired a new position in shares of Fiserv in the 2nd quarter valued at $36,000. Finally, Ancora Advisors LLC lifted its stake in shares of Fiserv by 2,205.9% in the 3rd quarter. Ancora Advisors LLC now owns 392 shares of the company’s stock valued at $44,000 after purchasing an additional 375 shares during the last quarter. Institutional investors and hedge funds own 88.79% of the company’s stock.

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.