Forvis Mazars Wealth Advisors LLC Cuts Stock Holdings in Fiserv, Inc. $FI

Forvis Mazars Wealth Advisors LLC decreased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 3.6% in the 2nd quarter, Holdings Channel reports. The firm owned 20,653 shares of the business services provider’s stock after selling 768 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Fiserv were worth $3,561,000 at the end of the most recent reporting period.

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

Fiserv Price Performance

Shares of Fiserv stock opened at $121.78 on Friday. 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 company has a market cap of $66.20 billion, a PE ratio of 20.33, a P/E/G ratio of 0.79 and a beta of 0.95. The business has a 50 day moving average of $131.92 and a 200 day moving average of $158.51. Fiserv, Inc. has a 52 week low of $117.84 and a 52 week high of $238.59.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The company 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 forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on FI. Morgan Stanley cut their target price on Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a research note on Monday, July 21st. Monness Crespi & Hardt raised Fiserv from a “sell” rating to a “neutral” rating in a research note on Monday, July 21st. The Goldman Sachs Group dropped their price objective on Fiserv from $192.00 to $149.00 and set a “buy” rating for the company in a research note on Monday, October 13th. KeyCorp dropped their price objective on Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. dropped their price objective on Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.11.

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.