Blue Trust Inc. trimmed its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 27.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,979 shares of the business services provider's stock after selling 1,511 shares during the period. Blue Trust Inc.'s holdings in Fiserv were worth $817,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Soros Capital Management LLC increased its stake in Fiserv by 71.7% during the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider's stock valued at $9,844,000 after acquiring an additional 22,884 shares during the period. Czech National Bank grew its holdings in shares of Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider's stock worth $25,339,000 after purchasing an additional 6,072 shares in the last quarter. Chiron Investment Management LLC bought a new stake in shares of Fiserv during the third quarter valued at approximately $4,709,000. Trust Co. of Vermont raised its stake in shares of Fiserv by 170.4% in the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider's stock valued at $1,405,000 after purchasing an additional 4,310 shares in the last quarter. Finally, Cardano Risk Management B.V. bought a new position in Fiserv in the fourth quarter worth $97,254,000. Institutional investors own 90.98% of the company's stock.
Fiserv Trading Down 0.7 %
FI stock traded down $1.71 during midday trading on Thursday, reaching $234.63. The stock had a trading volume of 3,688,312 shares, compared to its average volume of 2,738,570. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a twelve month low of $145.98 and a twelve month high of $238.00. The firm has a market cap of $133.48 billion, a price-to-earnings ratio of 43.53, a PEG ratio of 1.53 and a beta of 0.94. The business has a fifty day simple moving average of $212.66 and a two-hundred day simple moving average of $197.48.
Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data 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 net margin of 15.31% and a return on equity of 17.93%. As a group, research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
FI has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Barclays increased their price target on shares of Fiserv from $235.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Citigroup lifted their price objective on Fiserv from $230.00 to $233.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Mizuho increased their target price on Fiserv from $183.00 to $222.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their price target on Fiserv from $199.00 to $227.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $239.83.
Read Our Latest Research Report on Fiserv
About Fiserv
(
Free Report)
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.
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