Moloney Securities Asset Management LLC Sells 645 Shares of Fiserv, Inc. $FI

Moloney Securities Asset Management LLC decreased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 8.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 7,042 shares of the business services provider’s stock after selling 645 shares during the period. Moloney Securities Asset Management LLC’s holdings in Fiserv were worth $1,214,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FI. Vanguard Group Inc. raised its position in shares of Fiserv by 1.1% in the 1st 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. grew 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 worth $3,390,793,000 after buying an additional 6,691,703 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position 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 buying an additional 253,544 shares in the last quarter. Nuveen LLC acquired a new position in Fiserv during the 1st quarter valued at about $1,722,584,000. Finally, Alliancebernstein L.P. raised its stake in Fiserv by 5.3% in the first quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider’s stock valued at $1,264,178,000 after buying an additional 287,420 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

NYSE FI opened at $125.12 on Friday. Fiserv, Inc. has a fifty-two week low of $117.84 and a fifty-two week high of $238.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $68.01 billion, a P/E ratio of 20.89, a PEG ratio of 0.82 and a beta of 0.95. The stock has a 50-day simple moving average of $131.01 and a two-hundred day simple moving average of $156.15.

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

Analyst Ratings Changes

Several research firms have recently issued reports on FI. Wells Fargo & Company upgraded shares of Fiserv to a “hold” rating in a report on Wednesday. Truist Financial set a $143.00 target price on shares of Fiserv and gave the stock a “buy” rating in a research report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Fiserv in a research note on Wednesday, October 8th. Citigroup raised shares of Fiserv to a “hold” rating in a report on Thursday. Finally, Stephens reduced their target price on Fiserv from $180.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $181.89.

About Fiserv

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.