Bridges Investment Management Inc. Has $2.80 Million Holdings in Fiserv, Inc. $FI

Bridges Investment Management Inc. lifted its stake in shares of Fiserv, Inc. (NYSE:FI) by 19.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,230 shares of the business services provider’s stock after buying an additional 2,611 shares during the period. Bridges Investment Management Inc.’s holdings in Fiserv were worth $2,798,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rappaport Reiches Capital Management LLC raised its holdings in shares of Fiserv by 3.9% in the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider’s stock worth $282,000 after acquiring an additional 48 shares during the last quarter. E Fund Management Co. Ltd. raised its holdings in shares of Fiserv by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock worth $323,000 after acquiring an additional 55 shares during the last quarter. Oakworth Capital Inc. raised its holdings in shares of Fiserv by 5.6% in the 1st quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider’s stock worth $235,000 after acquiring an additional 56 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Fiserv by 6.4% in the 1st quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock worth $206,000 after acquiring an additional 56 shares during the last quarter. Finally, Pinnacle Associates Ltd. raised its holdings in shares of Fiserv by 0.3% in the 1st 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. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Down 2.6%

Shares of FI stock opened at $118.00 on Friday. The company has a 50 day moving average of $132.14 and a 200-day moving average of $159.67. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a 12-month low of $117.84 and a 12-month high of $238.59. The firm has a market cap of $64.14 billion, a P/E ratio of 19.70, a PEG ratio of 0.79 and a beta of 0.95.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. The company 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%. Sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

FI has been the topic of a number of analyst reports. Monness Crespi & Hardt upgraded shares of Fiserv from a “sell” rating to a “neutral” rating in a report on Monday, July 21st. Wall Street Zen lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. JPMorgan Chase & Co. decreased their price objective 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. Mizuho decreased their price objective on shares of Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, July 29th. Finally, KeyCorp decreased their price objective 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. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $199.73.

Fiserv 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.