Fiserv, Inc. $FI Shares Bought by Empirical Asset Management LLC

Empirical Asset Management LLC increased its stake in Fiserv, Inc. (NYSE:FI) by 16.5% in the second quarter, Holdings Channel reports. The firm owned 1,293 shares of the business services provider’s stock after purchasing an additional 183 shares during the period. Empirical Asset Management LLC’s holdings in Fiserv were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

FI has been the subject of several research reports. 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. Robert W. Baird decreased their target price on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research note on Thursday, July 24th. Jefferies Financial Group decreased their target price on shares of Fiserv from $140.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, September 29th. Monness Crespi & Hardt upgraded shares of Fiserv from a “sell” rating to a “neutral” rating in a research note on Monday, July 21st. Finally, Morgan Stanley decreased their target price on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.00.

Fiserv Trading Up 3.2%

NYSE FI opened at $121.78 on Friday. The firm’s 50-day moving average is $131.92 and its two-hundred day moving average is $158.98. Fiserv, Inc. has a 12 month low of $117.84 and a 12 month high of $238.59. 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 stock has a market capitalization of $66.20 billion, a P/E ratio of 20.33, a PEG ratio of 0.77 and a beta of 0.95.

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