Quotient Wealth Partners LLC Sells 262 Shares of Fiserv, Inc. $FI

Quotient Wealth Partners LLC lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 7.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,167 shares of the business services provider’s stock after selling 262 shares during the period. Quotient Wealth Partners LLC’s holdings in Fiserv were worth $546,000 at the end of the most recent reporting period.

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

Fiserv Stock Up 3.2%

Fiserv stock opened at $121.78 on Friday. The firm has a market capitalization of $66.20 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 0.79 and a beta of 0.95. The company’s 50 day simple moving average is $131.92 and its 200 day simple moving average is $158.51. 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 fifty-two week low of $117.84 and a fifty-two week high of $238.59.

Fiserv (NYSE:FI) last issued 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 during the quarter. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Ratings Changes

FI has been the topic of several research reports. Monness Crespi & Hardt raised Fiserv from a “sell” rating to a “neutral” rating in a research note on Monday, July 21st. Deutsche Bank Aktiengesellschaft set a $122.00 target price on shares of Fiserv in a research report on Thursday. Barclays set a $175.00 price target on shares of Fiserv and gave the stock an “overweight” rating in a research report on Monday, July 28th. BTIG Research set a $180.00 price objective on shares of Fiserv and gave the company a “buy” rating in a report on Friday. Finally, Wall Street Zen cut shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Fiserv has an average rating of “Moderate Buy” and a consensus price target of $196.11.

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.