Birch Capital Management LLC Raises Stock Holdings in Fiserv, Inc. (NASDAQ:FISV)

Birch Capital Management LLC raised its stake in Fiserv, Inc. (NASDAQ:FISV) by 7.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,936 shares of the company’s stock after buying an additional 1,430 shares during the period. Fiserv comprises about 1.5% of Birch Capital Management LLC’s investment portfolio, making the stock its 23rd biggest position. Birch Capital Management LLC’s holdings in Fiserv were worth $2,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. M&R Capital Management Inc. boosted its stake in shares of Fiserv by 0.3% in the 2nd quarter. M&R Capital Management Inc. now owns 56,945 shares of the company’s stock valued at $7,184,000 after purchasing an additional 191 shares in the last quarter. Marshall & Sullivan Inc. WA boosted its position in Fiserv by 0.6% during the second quarter. Marshall & Sullivan Inc. WA now owns 46,615 shares of the company’s stock valued at $5,880,000 after buying an additional 270 shares during the period. Moody National Bank Trust Division grew its stake in shares of Fiserv by 2.2% during the second quarter. Moody National Bank Trust Division now owns 13,924 shares of the company’s stock valued at $1,757,000 after buying an additional 306 shares during the last quarter. Outlook Wealth Advisors LLC increased its holdings in shares of Fiserv by 6.5% in the second quarter. Outlook Wealth Advisors LLC now owns 5,317 shares of the company’s stock worth $671,000 after buying an additional 325 shares during the period. Finally, Bellecapital International Ltd. lifted its stake in shares of Fiserv by 0.5% in the 2nd quarter. Bellecapital International Ltd. now owns 72,716 shares of the company’s stock valued at $9,173,000 after acquiring an additional 359 shares during the last quarter. 88.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Fiserv in a research note on Tuesday, September 12th. They set a “buy” rating for the company.

Fiserv Price Performance

FISV stock opened at $121.05 on Tuesday. The stock has a market capitalization of $76.03 billion, a PE ratio of 31.94 and a beta of 0.86. The company has a 50-day moving average price of $124.26. Fiserv, Inc. has a 12-month low of $87.03 and a 12-month high of $122.39.

Fiserv 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.