ProShare Advisors LLC significantly increased its holdings in Fiserv, Inc. (NASDAQ:FISV) by 78.6% in the third quarter, bringing their total to 231,938 shares valued at approximately $29.9 million. This move is part of broader institutional investor activity, with several other firms also adjusting their stakes in the business services provider. Despite some positive news like a Q4 earnings beat and strategic pivot, analysts remain divided, with a consensus “Hold” rating and a target price of $113.34, while some express caution due to revenue mix and competitive pressures.
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Fiserv, Inc. $FISV Shares Purchased by ProShare Advisors LLC
ProShare Advisors LLC significantly increased its holdings in Fiserv, Inc. (NASDAQ:FISV) by 78.6% in the third quarter, bringing their total to 231,938 shares valued at approximately $29.9 million. This move is part of broader institutional investor activity, with several other firms also adjusting their stakes in the business services provider. Despite some positive news like a Q4 earnings beat and strategic pivot, analysts remain divided, with a consensus “Hold” rating and a target price of $113.34, while some express caution due to revenue mix and competitive pressures.