Fiserv, Inc. $FI Shares Acquired by Twin Tree Management LP

Twin Tree Management LP lifted its stake in shares of Fiserv, Inc. (NYSE:FI) by 83.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,690 shares of the business services provider’s stock after buying an additional 7,138 shares during the quarter. Twin Tree Management LP’s holdings in Fiserv were worth $2,705,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FI. Rappaport Reiches Capital Management LLC boosted its stake in shares of Fiserv by 3.9% during the first quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider’s stock valued at $282,000 after acquiring an additional 48 shares during the last quarter. E Fund Management Co. Ltd. boosted its stake in shares of Fiserv by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock valued at $323,000 after acquiring an additional 55 shares during the last quarter. Oakworth Capital Inc. boosted its stake in shares of Fiserv by 5.6% during the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider’s stock valued at $235,000 after acquiring an additional 56 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Fiserv by 6.4% during the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock valued at $206,000 after acquiring an additional 56 shares during the last quarter. Finally, Pinnacle Associates Ltd. boosted its stake in 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 buying an additional 57 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on FI shares. Jefferies Financial Group decreased their price target on Fiserv from $140.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, September 29th. Deutsche Bank Aktiengesellschaft set a $122.00 target price on Fiserv in a report on Thursday. Morgan Stanley dropped their target price on Fiserv from $268.00 to $266.00 and set an “overweight” rating on the stock in a report on Monday, July 21st. Truist Financial raised their price objective on Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Finally, Raymond James Financial set a $167.00 target price on Fiserv and gave the stock an “outperform” rating in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.73.

Fiserv Trading Down 2.6%

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

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The business had revenue of $4.32 billion during the quarter. Equities research analysts predict 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.