Stephens Inc. AR Sells 6,014 Shares of Fiserv, Inc. (NYSE:FI)

Stephens Inc. AR lessened its holdings in Fiserv, Inc. (NYSE:FI) by 20.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,097 shares of the business services provider’s stock after selling 6,014 shares during the quarter. Stephens Inc. AR’s holdings in Fiserv were worth $4,745,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. FMR LLC grew its position in Fiserv by 17.8% in the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after acquiring an additional 1,427,664 shares during the period. Sanders Capital LLC bought a new stake in shares of Fiserv in the 3rd quarter worth about $764,543,000. Barclays PLC increased its position in shares of Fiserv by 3.0% during the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after purchasing an additional 48,413 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Fiserv by 0.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock valued at $236,739,000 after purchasing an additional 4,218 shares during the last quarter. Finally, National Pension Service boosted its position in Fiserv by 9.2% in the third quarter. National Pension Service now owns 1,112,168 shares of the business services provider’s stock valued at $199,801,000 after buying an additional 93,508 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a report on Monday. UBS Group lifted their price objective on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group increased their target price on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Tigress Financial raised their target price on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Finally, Susquehanna upped their price target on shares of Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research report on Monday. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fiserv has an average rating of “Buy” and a consensus price target of $239.83.

Fiserv Price Performance

Shares of FI opened at $230.55 on Tuesday. The stock has a market cap of $131.16 billion, a P/E ratio of 42.77, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a 1 year low of $142.47 and a 1 year high of $233.26. The stock’s 50-day moving average price is $209.01 and its two-hundred day moving average price is $193.75. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. On average, equities analysts predict that Fiserv, Inc. will post 10.22 earnings per share for the current year.

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.