Financial Sector Ideas

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>>> Fiserv, Inc. (FISV) - Number of Hedge Fund Holders: 65


https://finance.yahoo.com/news/15-best-financial-stocks-buy-125633619.html


On April 11, Barclays analyst Ramsey El-Assal raised his price target on Fiserv, Inc. (NASDAQ:FISV) to $150 from $140 and maintained an Overweight rating on the shares.

Fiserv, Inc. (NASDAQ:FISV) is one of the best financial stocks to buy now according to hedge funds. As of April 14, the stock has returned 18.71% to investors over the past 6 months.

At the end of the fourth quarter of 2022, 65 hedge funds were long Fiserv, Inc. (NASDAQ:FISV) and disclosed stakes worth $4.3 billion in the company. Of those, Harris Associates was the leading shareholder and held a stake worth $1.9 billion.

Renaissance Investment Management made the following comment about Fiserv, Inc. (NASDAQ:FISV) in its Q4 2022 investor letter:

“We made one change to the portfolio in the fourth quarter, adding a new position in the Information Technology sector with Fiserv, Inc. (NASDAQ:FISV), a leading financial services technology company that facilitates the movement of money, helping to run the financial operations of banks and merchants. The company enjoys a leading market position in a rational oligopoly in which the top three companies control 70% of the entire market. We also like the company’s strategy of being a “one-stop-shop” for banks and merchants, resulting in a large financial platform that has the operating scale to outcompete smaller rivals and a recurring revenue model that is highly attractive in uncertain macroeconomic environments.”

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