Allspring Global Investments Holdings LLC Cuts Holdings in Fiserv, Inc. (NYSE:FI)

Allspring Global Investments Holdings LLC cut its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 27.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 276,538 shares of the business services provider's stock after selling 106,569 shares during the period. Allspring Global Investments Holdings LLC's holdings in Fiserv were worth $56,951,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC increased its stake in shares of Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider's stock worth $1,696,341,000 after acquiring an additional 1,427,664 shares during the period. Sanders Capital LLC acquired a new position in Fiserv during the 3rd quarter worth approximately $764,543,000. Barclays PLC raised its stake in shares of Fiserv by 3.0% during the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider's stock worth $302,737,000 after buying an additional 48,413 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Fiserv by 0.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider's stock valued at $236,739,000 after buying an additional 4,218 shares during the period. Finally, National Pension Service lifted its holdings in shares of Fiserv by 9.2% in the 3rd quarter. National Pension Service now owns 1,112,168 shares of the business services provider's stock valued at $199,801,000 after buying an additional 93,508 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Trading Up 0.4 %

Shares of NYSE:FI traded up $0.98 during trading on Monday, reaching $230.85. The stock had a trading volume of 2,110,993 shares, compared to its average volume of 2,634,323. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The stock has a market cap of $131.34 billion, a P/E ratio of 42.83, a PEG ratio of 1.52 and a beta of 0.94. The business has a fifty day moving average price of $210.77 and a 200-day moving average price of $196.17. Fiserv, Inc. has a fifty-two week low of $145.44 and a fifty-two week high of $233.26.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, analysts anticipate that Fiserv, Inc. will post 10.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on FI shares. Stephens increased their price objective on Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods increased their price target on shares of Fiserv from $238.00 to $260.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. KeyCorp boosted their price objective on shares of Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. BMO Capital Markets increased their target price on shares of Fiserv from $233.00 to $260.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Finally, Mizuho boosted their price target on Fiserv from $183.00 to $222.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $239.83.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.