5 Stocks to Invest In Today According to Rob Cope’s Columbus Point

2. Fiserv, Inc. (NASDAQ: FISV)

Cope’s Stake Value: $23,368,000
Percentage of Rob Cope’s 13F Portfolio: 10.41%
Number of Hedge Fund Holders: 72

Fiserv, Inc. (NASDAQ: FISV) along with its subsidiaries, provides financial technology and financial services. The company was incorporated in 1984 and is ranked second on the list of 10 stocks to invest in today according to Rob Cope’s Columbus Point. Fiserv, Inc. (NASDAQ: FISV) shares have offered investors returns of 20.65% in the past 12 months.

On August 18, Fiserv, Inc.’s (NASDAQ: FISV) Carat omnichannel commerce platform expanded its digital payout choices to include payments to PayPal Holdings, Inc. (NASDAQ: PYPL) and Venmo accounts. On August 17, JPMorgan analyst Tien-Tsin Huang raised the price target on Fiserv, Inc. (NASDAQ: FISV) to $145 from $142 and reiterated an “Overweight” rating on the shares.

Rob Cope’s Columbus Point owns a $23.37 million stake in Fiserv, Inc.’s (NASDAQ: FISV). There were 72 hedge funds in our database that held stakes in Fiserv, Inc.’s (NASDAQ: FISV) in the second quarter of 2021, compared to 75 funds in the first quarter. Harris Associates is the company’s most significant stakeholder, with 12.10 million shares worth $1.29 billion.

Madison Funds, in its first-quarter 2021 investor letter, mentioned Fiserv, Inc.’s (NASDAQ: FISV). Here is what the fund has to say about Fiserv in its letter:

“This quarter we researched several new stock ideas, but because of high prices, acted on only one. Thus, a new portfolio name is Fiserv, with corporate headquarters in Brookfield, WI, just down I-94 from us. Fiserv is a technology company serving financial institutions (“FIs”) and retail merchants. It has two main business lines. In the first, it’s a market leader in outsourced IT solutions for banks and credit unions, online and mobile banking technology, digital money movement solutions, and card issuing services. Fiserv’s second core business is merchant acquiring and processing, where it’s a leader in providing a variety of solutions to help all types of merchants accept digital payments. They entered this business through the acquisition of First Data in 2019.…” (Click here to see the full text)