Oppenheimer Asset Management Inc. Decreases Stock Holdings in Fiserv, Inc. $FI

Oppenheimer Asset Management Inc. decreased its holdings in Fiserv, Inc. (NYSE:FI) by 11.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,750 shares of the business services provider’s stock after selling 7,037 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Fiserv were worth $9,267,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FI. E Fund Management Co. Ltd. increased its holdings in Fiserv by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock worth $323,000 after acquiring an additional 55 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in Fiserv by 6.4% in the 1st quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock worth $206,000 after acquiring an additional 56 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in Fiserv by 0.3% in the 1st quarter. Pinnacle Associates Ltd. now owns 16,794 shares of the business services provider’s stock worth $3,709,000 after acquiring an additional 57 shares in the last quarter. LaSalle St. Investment Advisors LLC increased its holdings in Fiserv by 5.1% in the 1st quarter. LaSalle St. Investment Advisors LLC now owns 1,273 shares of the business services provider’s stock worth $281,000 after acquiring an additional 62 shares in the last quarter. Finally, SageView Advisory Group LLC increased its holdings in Fiserv by 4.0% in the 1st quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock worth $353,000 after acquiring an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 0.9%

NYSE FI opened at $125.12 on Monday. 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 $68.01 billion, a P/E ratio of 20.89, a P/E/G ratio of 0.83 and a beta of 0.95. Fiserv, Inc. has a one year low of $117.84 and a one year high of $238.59. The stock has a 50 day moving average price of $131.01 and a 200-day moving average price of $155.49.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The firm 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 analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FI shares. TD Cowen reduced their target price on shares of Fiserv from $188.00 to $177.00 and set a “buy” rating for the company in a report on Friday, October 17th. Citigroup upgraded Fiserv to a “hold” rating in a research note on Thursday. UBS Group dropped their price target on Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, July 25th. Jefferies Financial Group dropped their price target on Fiserv from $130.00 to $125.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Finally, Mizuho dropped their price target on Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and an average price target of $181.89.

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.