Fiduciary Family Office LLC Has $1.90 Million Stock Position in Fiserv, Inc. $FI

Fiduciary Family Office LLC decreased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 4.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 11,046 shares of the business services provider’s stock after selling 490 shares during the period. Fiserv makes up approximately 0.6% of Fiduciary Family Office LLC’s portfolio, making the stock its 25th largest position. Fiduciary Family Office LLC’s holdings in Fiserv were worth $1,904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of FI. Nuveen LLC acquired a new position in shares of Fiserv during the 1st quarter worth $1,722,584,000. JPMorgan Chase & Co. boosted its holdings in shares of Fiserv by 77.2% during 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 buying an additional 6,691,703 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Fiserv by 939.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock worth $351,550,000 after buying an additional 1,842,784 shares during the period. Swedbank AB boosted its holdings in shares of Fiserv by 366.0% during the 2nd quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock worth $273,916,000 after buying an additional 1,247,801 shares during the period. Finally, GQG Partners LLC bought a new stake in shares of Fiserv during the 1st quarter worth $265,769,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FI shares. Deutsche Bank Aktiengesellschaft set a $122.00 price objective on shares of Fiserv in a report on Thursday. UBS Group decreased their price objective on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a report on Friday, July 25th. Susquehanna reduced their price target on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a report on Thursday, July 24th. Jefferies Financial Group reduced their price target on shares of Fiserv from $130.00 to $125.00 and set a “hold” rating for the company in a report on Monday, October 13th. Finally, Morgan Stanley reduced their price target on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average target price of $196.11.

Fiserv Trading Up 2.1%

Shares of FI stock opened at $124.17 on Tuesday. Fiserv, Inc. has a 52-week low of $117.84 and a 52-week high of $238.59. The stock has a market cap of $67.50 billion, a price-to-earnings ratio of 20.73, 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 quick ratio of 1.09 and a current ratio of 1.09. The firm has a fifty day moving average of $131.76 and a 200-day moving average of $157.58.

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