Valmark Advisers Inc. Has $272,000 Stock Position in Fiserv, Inc. $FI

Valmark Advisers Inc. reduced its position in Fiserv, Inc. (NYSE:FI) by 18.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,575 shares of the business services provider’s stock after selling 354 shares during the period. Valmark Advisers Inc.’s holdings in Fiserv were worth $272,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Fiserv by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock valued at $11,059,063,000 after buying an additional 535,407 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Fiserv by 77.2% in the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock worth $3,390,793,000 after purchasing an additional 6,691,703 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Fiserv by 3.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider’s stock worth $1,829,451,000 after purchasing an additional 253,544 shares during the last quarter. Nuveen LLC bought a new position in shares of Fiserv in the 1st quarter worth $1,722,584,000. Finally, Alliancebernstein L.P. boosted its position in shares of Fiserv by 5.3% in the 1st quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider’s stock worth $1,264,178,000 after purchasing an additional 287,420 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on FI shares. Stephens reduced their price target on Fiserv from $240.00 to $180.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Wall Street Zen lowered Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. reduced their price target on Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fiserv in a report on Wednesday. Finally, Jefferies Financial Group reduced their target price on Fiserv from $140.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.46.

Fiserv Stock Performance

FI stock opened at $122.85 on Friday. The business’s 50-day moving average price is $133.18 and its two-hundred day moving average price is $162.38. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The firm has a market cap of $66.78 billion, a PE ratio of 20.51, a P/E/G ratio of 0.82 and a beta of 0.95. Fiserv, Inc. has a 1-year low of $122.62 and a 1-year high of $238.59.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The firm had revenue of $4.32 billion for the quarter. As a group, research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current 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.