Clarendon Private LLC Sells 1,516 Shares of Fiserv, Inc. $FI

Clarendon Private LLC lessened its stake in Fiserv, Inc. (NYSE:FI) by 36.6% in the second quarter, HoldingsChannel reports. The firm owned 2,628 shares of the business services provider’s stock after selling 1,516 shares during the period. Clarendon Private LLC’s holdings in Fiserv were worth $453,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Activest Wealth Management grew its position in Fiserv by 3,150.0% in the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after purchasing an additional 126 shares during the period. Hager Investment Management Services LLC bought a new stake in Fiserv in the 2nd quarter worth approximately $34,000. Christopher J. Hasenberg Inc grew its position in Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares during the period. Armstrong Advisory Group Inc. grew its position in Fiserv by 178.9% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after purchasing an additional 136 shares during the period. Finally, Abound Financial LLC bought a new stake in Fiserv in the 1st quarter worth approximately $38,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FI. Stephens cut their target price on shares of Fiserv from $240.00 to $180.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. KeyCorp cut their target price on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Robert W. Baird cut their target price on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. Susquehanna cut their price objective on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a research report on Thursday, July 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Fiserv in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $204.46.

Fiserv Trading Down 2.5%

Shares of FI stock opened at $122.85 on Friday. Fiserv, Inc. has a 1 year low of $122.62 and a 1 year high of $238.59. The firm has a fifty day moving average price of $133.18 and a 200-day moving average price of $161.97. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $66.78 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 0.80 and a beta of 0.95.

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

Fiserv Company 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.