Analyst IMS Investment Management Services Ltd. Acquires 1,900 Shares of Fiserv, Inc. $FI

Analyst IMS Investment Management Services Ltd. raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 14.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,670 shares of the business services provider’s stock after acquiring an additional 1,900 shares during the quarter. Analyst IMS Investment Management Services Ltd.’s holdings in Fiserv were worth $2,530,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Fiserv by 1.1% during 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. boosted its holdings in shares of Fiserv by 77.2% in 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 buying an additional 6,691,703 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Fiserv by 3.2% in 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 during the last quarter. Nuveen LLC acquired a new stake in shares of Fiserv in the 1st quarter valued at approximately $1,722,584,000. Finally, Alliancebernstein L.P. boosted its holdings in shares of Fiserv by 5.3% in 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 buying an additional 287,420 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Down 0.1%

FI opened at $126.46 on Wednesday. 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 company has a market capitalization of $68.74 billion, a P/E ratio of 21.11, a P/E/G ratio of 0.84 and a beta of 0.95. The stock has a fifty day moving average of $130.55 and a 200-day moving average of $154.36.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FI shares. Citigroup raised Fiserv to a “hold” rating in a report on Thursday, October 23rd. KeyCorp reissued an “overweight” rating and issued a $145.00 price objective on shares of Fiserv in a report on Wednesday, October 22nd. Stephens cut their price objective on Fiserv from $180.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, October 16th. TD Cowen cut their price objective on Fiserv from $188.00 to $177.00 and set a “buy” rating for the company in a report on Friday, October 17th. Finally, UBS Group cut their price target on Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $181.15.

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.