Cwm LLC Has $3.51 Million Stake in Fiserv, Inc. $FI

Cwm LLC decreased its stake in Fiserv, Inc. (NYSE:FI) by 9.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,367 shares of the business services provider’s stock after selling 2,154 shares during the quarter. Cwm LLC’s holdings in Fiserv were worth $3,511,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Sowell Financial Services LLC boosted its stake in Fiserv by 9.7% in the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock valued at $610,000 after buying an additional 314 shares in the last quarter. Kathmere Capital Management LLC raised its position in Fiserv by 7.7% in the 2nd quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 106 shares during the last quarter. Gotham Asset Management LLC raised its position in Fiserv by 5.4% in the 1st quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider’s stock valued at $16,490,000 after purchasing an additional 3,809 shares during the last quarter. Deltec Asset Management LLC bought a new position in Fiserv in the 2nd quarter valued at $1,034,000. Finally, Jacobs & Co. CA raised its position in Fiserv by 26.5% in the 2nd quarter. Jacobs & Co. CA now owns 53,993 shares of the business services provider’s stock valued at $9,308,000 after purchasing an additional 11,322 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on FI shares. Mizuho cut their price objective on Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, July 29th. Truist Financial lifted their price objective on Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Monness Crespi & Hardt upgraded Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. cut their price objective on Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Finally, Stephens cut their price objective on Fiserv from $240.00 to $180.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $199.00.

Fiserv Trading Up 3.2%

FI stock opened at $121.78 on Friday. The company has a market cap of $66.20 billion, a P/E ratio of 20.33, a PEG ratio of 0.77 and a beta of 0.95. Fiserv, Inc. has a twelve month low of $117.84 and a twelve month high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The business has a fifty day moving average of $131.92 and a 200-day moving average of $158.98.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The business had revenue of $4.32 billion during the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. As a group, equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

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.