3Chopt Investment Partners LLC Sells 150 Shares of Fiserv, Inc. $FI

3Chopt Investment Partners LLC lessened its position in shares of Fiserv, Inc. (NYSE:FI) by 6.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,169 shares of the business services provider’s stock after selling 150 shares during the period. 3Chopt Investment Partners LLC’s holdings in Fiserv were worth $374,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Fiserv by 1.1% during the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock worth $11,059,063,000 after buying an additional 535,407 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Fiserv by 77.2% during the first 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 last quarter. Massachusetts Financial Services Co. MA raised its stake in Fiserv by 3.2% during the first 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 buying an additional 253,544 shares during the last quarter. Nuveen LLC bought a new stake in Fiserv in the first quarter valued at $1,722,584,000. Finally, Alliancebernstein L.P. increased its stake in Fiserv by 5.3% in the first quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider’s stock valued at $1,264,178,000 after purchasing an additional 287,420 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Down 2.5%

Shares of NYSE FI opened at $122.85 on Friday. The stock has a market capitalization of $66.78 billion, a P/E ratio of 20.51, a P/E/G ratio of 0.82 and a beta of 0.95. The company has a 50-day moving average price of $133.18 and a 200-day moving average price of $162.38. Fiserv, Inc. has a 1 year low of $122.62 and a 1 year high of $238.59. 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 (NYSE:FI) last issued 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 firm had revenue of $4.32 billion during the quarter. On average, equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analysts Set New Price Targets

FI has been the subject of several research analyst reports. KeyCorp decreased their price target on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Jefferies Financial Group decreased their price target on shares of Fiserv from $140.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, September 29th. JPMorgan Chase & Co. decreased their price target on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fiserv in a research note on Wednesday. Finally, Truist Financial lifted their price target on shares of Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and an average price target of $204.46.

About Fiserv

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.