Taylor Financial Group Inc. Has $4.80 Million Position in Fiserv, Inc. $FI

Taylor Financial Group Inc. raised its stake in shares of Fiserv, Inc. (NYSE:FI) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,863 shares of the business services provider’s stock after buying an additional 115 shares during the quarter. Fiserv comprises 3.0% of Taylor Financial Group Inc.’s portfolio, making the stock its 3rd biggest position. Taylor Financial Group Inc.’s holdings in Fiserv were worth $4,804,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of FI. Nuveen LLC acquired a new stake in Fiserv in the first quarter worth $1,722,584,000. JPMorgan Chase & Co. lifted its position in 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 in the last quarter. Assenagon Asset Management S.A. grew its stake in Fiserv by 939.0% in the second quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock valued at $351,550,000 after purchasing an additional 1,842,784 shares in the last quarter. Swedbank AB grew its stake in Fiserv by 366.0% in the second quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock valued at $273,916,000 after purchasing an additional 1,247,801 shares in the last quarter. Finally, GQG Partners LLC bought a new position in Fiserv in the first quarter valued at approximately $265,769,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Mizuho cut their price objective on Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, July 29th. Jefferies Financial Group cut their price objective on Fiserv from $130.00 to $125.00 and set a “hold” rating for the company in a research report on Monday, October 13th. JPMorgan Chase & Co. reduced their target price on shares of Fiserv from $190.00 to $155.00 and set an “overweight” rating for the company in a report on Thursday, October 23rd. Monness Crespi & Hardt raised Fiserv from a “sell” rating to a “neutral” rating in a report on Monday, July 21st. Finally, Stephens reduced their price target on Fiserv from $180.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $181.89.

Fiserv Stock Up 0.9%

Shares of FI opened at $126.30 on Tuesday. Fiserv, Inc. has a 12 month low of $117.84 and a 12 month high of $238.59. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity 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 stock’s 50-day moving average price is $130.79 and its two-hundred day moving average price is $154.90.

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