Allspring Global Investments Holdings LLC Has $68.83 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Allspring Global Investments Holdings LLC cut its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 24.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 383,107 shares of the business services provider's stock after selling 120,880 shares during the period. Allspring Global Investments Holdings LLC owned 0.07% of Fiserv worth $68,825,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FI. Norden Group LLC bought a new position in shares of Fiserv in the first quarter valued at approximately $2,359,000. ORG Partners LLC raised its position in Fiserv by 3,016.0% in the second quarter. ORG Partners LLC now owns 3,303 shares of the business services provider's stock worth $486,000 after acquiring an additional 3,197 shares in the last quarter. ZRC Wealth Management LLC acquired a new stake in Fiserv in the 1st quarter valued at about $32,000. Park Place Capital Corp boosted its position in shares of Fiserv by 66.3% during the 3rd quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider's stock valued at $1,259,000 after purchasing an additional 2,794 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Fiserv by 377.3% in the 1st quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider's stock worth $9,047,000 after purchasing an additional 44,776 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FI has been the topic of several recent research reports. Barclays lifted their price target on shares of Fiserv from $185.00 to $215.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Citigroup increased their price target on shares of Fiserv from $187.00 to $226.00 in a research report on Tuesday. Robert W. Baird raised their price target on shares of Fiserv from $186.00 to $200.00 and gave the stock an "outperform" rating in a report on Monday, September 23rd. Keefe, Bruyette & Woods upped their price objective on shares of Fiserv from $178.00 to $184.00 and gave the company an "outperform" rating in a research note on Thursday, July 25th. Finally, Jefferies Financial Group increased their price objective on Fiserv from $195.00 to $200.00 and gave the stock a "hold" rating in a report on Tuesday. Three analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $190.04.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company's stock, valued at $27,005,424.03. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, COO Guy Chiarello sold 24,000 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Gibbons sold 18,890 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the transaction, the executive vice president now owns 28,323 shares of the company's stock, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 187,890 shares of company stock valued at $32,855,417 in the last three months. 0.75% of the stock is owned by corporate insiders.

Fiserv Price Performance

Shares of FI stock traded up $2.55 during trading hours on Tuesday, hitting $199.72. The company had a trading volume of 4,479,195 shares, compared to its average volume of 2,479,299. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $116.86 billion, a price-to-earnings ratio of 37.32, a PEG ratio of 1.44 and a beta of 0.93. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $199.87. The firm's fifty day moving average is $177.77 and its 200 day moving average is $161.51.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter in the previous year, the company earned $1.81 EPS. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. On average, sell-side analysts predict that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Fiserv Profile

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.