Securian Asset Management Inc. Sells 1,163 Shares of Fiserv, Inc. $FI

Securian Asset Management Inc. decreased its stake in shares of Fiserv, Inc. (NYSE:FI) by 3.9% during the second quarter, Holdings Channel reports. The firm owned 28,987 shares of the business services provider’s stock after selling 1,163 shares during the quarter. Securian Asset Management Inc.’s holdings in Fiserv were worth $4,998,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its position in Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 126 shares during the period. Abound Financial LLC bought a new position in Fiserv in the first quarter worth approximately $38,000. Hager Investment Management Services LLC bought a new position in Fiserv in the second quarter worth approximately $34,000. Christopher J. Hasenberg Inc raised its position in Fiserv by 218.5% in the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after acquiring an additional 142 shares during the period. Finally, Armstrong Advisory Group Inc. raised its position in Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after acquiring an additional 136 shares during the period. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FI shares. JPMorgan Chase & Co. decreased their price target on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Stephens decreased their price target on shares of Fiserv from $180.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, October 16th. Raymond James Financial set a $167.00 price target on shares of Fiserv and gave the stock an “outperform” rating in a research report on Friday, October 10th. Morgan Stanley decreased their price target on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating on the stock in a research report on Monday, July 21st. Finally, Monness Crespi & Hardt upgraded shares of Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus price target of $196.11.

Fiserv Stock Performance

Shares of NYSE FI opened at $124.17 on Tuesday. The firm has a fifty day moving average price of $131.76 and a 200-day moving average price of $157.58. 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 cap of $67.50 billion, a PE ratio of 20.73, 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.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. The firm 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%. Equities 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.