Clark Asset Management LLC Has $884,000 Stake in Fiserv, Inc. $FI

Clark Asset Management LLC lifted its stake in shares of Fiserv, Inc. (NYSE:FI) by 375.0% during the second quarter, Holdings Channel.com reports. The firm owned 5,130 shares of the business services provider’s stock after buying an additional 4,050 shares during the period. Clark Asset Management LLC’s holdings in Fiserv were worth $884,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of 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 purchasing an additional 535,407 shares in the last quarter. JPMorgan Chase & Co. lifted its position 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 worth $3,390,793,000 after purchasing an additional 6,691,703 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in 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 buying an additional 253,544 shares during the period. Nuveen LLC acquired a new position in Fiserv in the first quarter valued at approximately $1,722,584,000. Finally, Alliancebernstein L.P. lifted its holdings 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 buying an additional 287,420 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Up 0.9%

Shares of NYSE:FI opened at $126.30 on Tuesday. Fiserv, Inc. has a 52 week low of $117.84 and a 52 week high of $238.59. 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 company has a market capitalization of $68.66 billion, a PE ratio of 21.09, a PEG ratio of 0.83 and a beta of 0.95. The company has a 50 day moving average price of $130.79 and a two-hundred day moving average price of $154.90.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, March 26th. The business services provider reported $1.91 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. Analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FI shares. BTIG Research set a $180.00 price objective on shares of Fiserv and gave the company a “buy” rating in a report on Friday, October 17th. Wells Fargo & Company upgraded shares of Fiserv to a “hold” rating in a report on Wednesday, October 22nd. TD Cowen cut their price objective on shares of Fiserv from $188.00 to $177.00 and set a “buy” rating on the stock in a report on Friday, October 17th. Weiss Ratings restated a “hold (c)” rating on shares of Fiserv in a report on Wednesday, October 8th. Finally, Robert W. Baird cut their price objective on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $181.89.

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.