Sagespring Wealth Partners LLC Decreases Stock Holdings in Fiserv, Inc. $FI

Sagespring Wealth Partners LLC trimmed its holdings in Fiserv, Inc. (NYSE:FI) by 11.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,617 shares of the business services provider’s stock after selling 1,691 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Fiserv were worth $2,348,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake 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 worth $11,059,063,000 after purchasing an additional 535,407 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Fiserv by 77.2% in 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 purchasing an additional 6,691,703 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Fiserv by 3.2% in the 1st 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 during the last quarter. Nuveen LLC acquired a new stake in shares of Fiserv during the 1st quarter worth approximately $1,722,584,000. Finally, Alliancebernstein L.P. raised its position in shares of Fiserv by 5.3% during 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 period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FI. Wall Street Zen cut Fiserv from a “buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. decreased their price objective on Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Jefferies Financial Group decreased their price objective on Fiserv from $140.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, September 29th. Truist Financial upped their price objective on Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Finally, Raymond James Financial set a $167.00 price objective on Fiserv and gave the company an “outperform” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and an average target price of $202.73.

Fiserv Stock Up 1.2%

Fiserv stock opened at $124.00 on Wednesday. Fiserv, Inc. has a fifty-two week low of $121.40 and a fifty-two 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 firm has a 50 day moving average price of $132.70 and a 200 day moving average price of $160.65. The company has a market capitalization of $67.40 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 0.80 and a beta of 0.95.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The business 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%. Research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current 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.