EagleClaw Capital Managment LLC Sells 1,275 Shares of Fiserv, Inc. $FI

EagleClaw Capital Managment LLC cut its holdings in Fiserv, Inc. (NYSE:FI) by 4.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 26,320 shares of the business services provider’s stock after selling 1,275 shares during the quarter. EagleClaw Capital Managment LLC’s holdings in Fiserv were worth $4,538,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Activest Wealth Management lifted its stake in shares of 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 acquiring an additional 126 shares during the period. Hager Investment Management Services LLC bought a new stake in Fiserv during the 2nd quarter worth about $34,000. Christopher J. Hasenberg Inc raised its holdings in Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. lifted its position in Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 136 shares during the period. Finally, Golden State Wealth Management LLC boosted its stake in shares of Fiserv by 960.9% in the 2nd quarter. Golden State Wealth Management LLC now owns 244 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 221 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on FI. Wolfe Research restated a “peer perform” rating on shares of Fiserv in a report on Wednesday, October 29th. JPMorgan Chase & Co. cut their price target on Fiserv from $155.00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Wall Street Zen cut Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. UBS Group set a $75.00 price objective on Fiserv and gave the company a “neutral” rating in a report on Thursday, October 30th. Finally, TD Cowen cut Fiserv from a “buy” rating to a “hold” rating and set a $80.00 target price on the stock. in a report on Thursday, October 30th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Fiserv has a consensus rating of “Hold” and a consensus target price of $123.25.

Fiserv Trading Down 0.1%

NYSE FI opened at $63.66 on Thursday. Fiserv, Inc. has a one year low of $60.95 and a one year high of $238.59. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09. The firm has a market cap of $34.24 billion, a P/E ratio of 9.84, a P/E/G ratio of 0.56 and a beta of 0.90. The stock’s 50-day moving average is $114.38 and its 200-day moving average is $143.57.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. The business had revenue of $4.32 billion during the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%. Sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Lance M. Fritz acquired 10,000 shares of the stock in a transaction dated Thursday, October 30th. The stock was bought at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the transaction, the director directly owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. The trade was a 324.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.75% of the stock is owned by corporate insiders.

Fiserv 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.