Wealthfront Advisers LLC Sells 17,191 Shares of Fiserv, Inc. $FI

Wealthfront Advisers LLC lowered its holdings in shares of Fiserv, Inc. (NYSE:FI) by 30.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 38,998 shares of the business services provider’s stock after selling 17,191 shares during the period. Wealthfront Advisers LLC’s holdings in Fiserv were worth $6,724,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FI. E Fund Management Co. Ltd. raised its position in Fiserv by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock worth $323,000 after purchasing an additional 55 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in shares of Fiserv by 6.4% in the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock valued at $206,000 after buying an additional 56 shares during the period. Pinnacle Associates Ltd. raised its position in shares of Fiserv by 0.3% during the first quarter. Pinnacle Associates Ltd. now owns 16,794 shares of the business services provider’s stock worth $3,709,000 after acquiring an additional 57 shares during the last quarter. LaSalle St. Investment Advisors LLC lifted its stake in shares of Fiserv by 5.1% in the first quarter. LaSalle St. Investment Advisors LLC now owns 1,273 shares of the business services provider’s stock worth $281,000 after acquiring an additional 62 shares during the period. Finally, SageView Advisory Group LLC boosted its holdings in Fiserv by 4.0% in the first quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock valued at $353,000 after acquiring an additional 62 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

FI has been the topic of a number of analyst reports. Barclays set a $175.00 price objective on shares of Fiserv and gave the company an “overweight” rating in a research note on Monday, July 28th. BTIG Research set a $180.00 price target on Fiserv and gave the stock a “buy” rating in a report on Friday, October 17th. KeyCorp reissued an “overweight” rating and issued a $145.00 price objective on shares of Fiserv in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft set a $122.00 target price on Fiserv in a research report on Thursday, October 16th. Finally, Wall Street Zen downgraded Fiserv from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $181.89.

Fiserv Stock Up 0.9%

FI stock opened at $126.30 on Tuesday. The stock’s 50 day simple moving average is $130.79 and its 200 day simple moving average is $154.90. The company has a market cap of $68.66 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 0.83 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. Fiserv, Inc. has a fifty-two week low of $117.84 and a fifty-two week high of $238.59.

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

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.