First National Bank of Mount Dora Trust Investment Services Trims Stock Position in Fiserv, Inc. $FI

First National Bank of Mount Dora Trust Investment Services cut its stake in shares of Fiserv, Inc. (NYSE:FI) by 5.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,811 shares of the business services provider’s stock after selling 100 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Fiserv were worth $312,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FI. Brighton Jones LLC raised its stake in Fiserv by 91.9% during the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after acquiring an additional 2,033 shares during the last quarter. Bison Wealth LLC raised its stake in shares of Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after buying an additional 116 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of Fiserv during the 1st quarter worth approximately $712,000. Kingswood Wealth Advisors LLC raised its stake in shares of Fiserv by 83.4% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 10,480 shares of the business services provider’s stock worth $2,324,000 after buying an additional 4,767 shares in the last quarter. Finally, CWA Asset Management Group LLC raised its stake in shares of Fiserv by 77.1% during the 1st quarter. CWA Asset Management Group LLC now owns 8,837 shares of the business services provider’s stock worth $1,952,000 after buying an additional 3,848 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Mizuho cut their target price on Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, July 29th. Barclays set a $175.00 target price on Fiserv and gave the stock an “overweight” rating in a research note on Monday, July 28th. Morgan Stanley cut their target price on Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a research note on Monday, July 21st. JPMorgan Chase & Co. lowered their price target on Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Finally, Deutsche Bank Aktiengesellschaft set a $122.00 price target on Fiserv in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.73.

Fiserv Stock Performance

FI opened at $118.00 on Friday. The stock’s 50 day simple moving average is $132.14 and its 200 day simple moving average is $159.67. The stock has a market cap of $64.14 billion, a P/E ratio of 19.70, a P/E/G ratio of 0.79 and a beta of 0.95. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. Fiserv, Inc. has a 1-year low of $117.84 and a 1-year high of $238.59.

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