Equities research analysts at StockNews.com initiated coverage on shares of Fiserv (NASDAQ:FISV – Get Free Report) in a research report issued to clients and investors on Saturday. The firm set a “buy” rating on the stock.

Fiserv Price Performance

Shares of FISV stock opened at $132.36 on Friday. Fiserv has a 52-week low of $87.03 and a 52-week high of $122.39. The firm has a 50-day moving average of $119.46. The firm has a market cap of $83.14 billion, a PE ratio of 34.92 and a beta of 0.86.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FISV. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Fiserv by 99,857.6% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 570,446,227 shares of the company’s stock valued at $71,961,792,000 after buying an additional 569,875,539 shares in the last quarter. Capital World Investors grew its stake in Fiserv by 15.5% in the 2nd quarter. Capital World Investors now owns 16,391,168 shares of the company’s stock valued at $2,067,746,000 after acquiring an additional 2,193,931 shares during the last quarter. BlueSpruce Investments LP raised its position in shares of Fiserv by 6.7% during the 2nd quarter. BlueSpruce Investments LP now owns 7,419,797 shares of the company’s stock worth $936,007,000 after purchasing an additional 465,468 shares during the last quarter. Parnassus Investments LLC raised its holdings in shares of Fiserv by 0.8% in the second quarter. Parnassus Investments LLC now owns 6,887,288 shares of the company’s stock worth $868,831,000 after acquiring an additional 56,213 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its stake in Fiserv by 14.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 6,606,698 shares of the company’s stock valued at $833,435,000 after purchasing an additional 817,660 shares during the last quarter. 88.79% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Company Profile (Get Free Report)

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.

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Original: MarketBeat News Feed: Fiserv (NASDAQ:FISV) Research Coverage Started at StockNews.com