Fiserv (NASDAQ:FISV) Hits New 1-Year High at $124.44

Shares of Fiserv, Inc. (NASDAQ:FISV) reached a new 52-week high on Monday . The company traded as high as $124.44 and last traded at $124.08, with a volume of 3321969 shares traded. The stock had previously closed at $124.08.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Fiserv in a research note on Wednesday, November 15th. They issued a “buy” rating for the company.

Fiserv Stock Performance

The stock has a market capitalization of $77.94 billion, a price-to-earnings ratio of 30.14 and a beta of 0.86. The company’s 50 day simple moving average is $116.62.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FISV. Silver Oak Securities Incorporated grew its stake in Fiserv by 16.9% in the third quarter. Silver Oak Securities Incorporated now owns 2,458 shares of the company’s stock valued at $278,000 after purchasing an additional 355 shares during the last quarter. Diversified Trust Co grew its position in shares of Fiserv by 69.9% in the 3rd quarter. Diversified Trust Co now owns 45,086 shares of the company’s stock worth $5,093,000 after buying an additional 18,554 shares during the last quarter. SkyView Investment Advisors LLC raised its stake in shares of Fiserv by 4.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 4,087 shares of the company’s stock worth $462,000 after acquiring an additional 169 shares in the last quarter. Resources Management Corp CT ADV purchased a new stake in Fiserv during the third quarter valued at approximately $5,073,000. Finally, Creative Planning boosted its stake in Fiserv by 6.2% in the third quarter. Creative Planning now owns 128,579 shares of the company’s stock valued at $14,524,000 after acquiring an additional 7,470 shares in the last quarter. Hedge funds and other institutional investors 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.