5 Stocks to Buy According to BlueSpruce Investments

2. Fiserv, Inc. (NASDAQ:FISV)

BlueSpruce Investments’ Stake Value: $816,964,000
Percentage of BlueSpruce Investments’ Portfolio: 13.25%
Number of Hedge Fund Holders: 58

Fiserv, Inc. (NASDAQ:FISV) is a company that specializes in financial technology. Ivan Feinseth, a Tigress Financial analyst, boosted his price objective on Fiserv, Inc. (NASDAQ:FISV) to $152 from $150 on May 27 and reaffirmed his Buy rating on the stock.

BlueSpruce Investments initiated its position in Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter of 2019, purchasing shares worth over $221.72 million. At the end of Q1 2022, the hedge fund held stakes valued at $816.96 million in the company. Fiserv, Inc. (NASDAQ:FISV) represented 13.25% of the hedge fund’s 13F portfolio.

ClearBridge Investments mentioned Fiserv, Inc. (NASDAQ:FISV) in its Q4 2021 investor letter. Here is what the fund said:

“While the threat of disruption risk to these established payment companies should not be taken lightly, it is important to note that many of these emerging disruptors are small relative to the massive global payments network and heavily reliant on the very payment infrastructure they are trying to disrupt. This led us to initiate a position in Fiserv, whose stock dropped to a level that embedded projections for negative long-term growth despite no current evidence of disruption. We think Fiserv will continue to grow despite perceived disruption risks given its scale and efficiency. Fiserv also owns cloud-based payments hardware and software system Clover, which is both bigger and faster growing than Square; this provides an additional degree of protection against further disruption risk.