Harbour Investments Inc. Has $2.07 Million Stock Holdings in Fiserv, Inc. $FI

Harbour Investments Inc. grew its position in Fiserv, Inc. (NYSE:FI) by 2.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 12,013 shares of the business services provider’s stock after purchasing an additional 310 shares during the quarter. Harbour Investments Inc.’s holdings in Fiserv were worth $2,071,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Fiserv by 1.1% during the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock worth $11,059,063,000 after acquiring an additional 535,407 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Fiserv by 77.2% during the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock worth $3,390,793,000 after acquiring an additional 6,691,703 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Fiserv by 3.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider’s stock worth $1,829,451,000 after acquiring an additional 253,544 shares in the last quarter. Nuveen LLC bought a new stake in shares of Fiserv during the first quarter worth $1,722,584,000. Finally, Alliancebernstein L.P. increased its position in shares of Fiserv by 5.3% during the first quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider’s stock worth $1,264,178,000 after acquiring an additional 287,420 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FI. Robert W. Baird lowered their price objective on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. Wall Street Zen downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. UBS Group lowered their price objective on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, July 25th. KeyCorp lowered their price objective on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Finally, Raymond James Financial set a $167.00 price objective on shares of Fiserv and gave the stock an “outperform” rating in a research report on Friday, October 10th. One investment 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $199.73.

Fiserv Stock Down 2.6%

Fiserv stock opened at $118.00 on Friday. The company has a market cap of $64.14 billion, a P/E ratio of 19.70, a price-to-earnings-growth ratio of 0.79 and a beta of 0.95. Fiserv, Inc. has a 1-year low of $117.84 and a 1-year high of $238.59. The company has a fifty day simple moving average of $132.14 and a 200 day simple moving average of $159.67. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09.

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. 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 anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal 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.