Aberdeen Group plc Sells 103,166 Shares of Fiserv, Inc. $FI

Aberdeen Group plc cut its holdings in shares of Fiserv, Inc. (NYSE:FI) by 18.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 446,984 shares of the business services provider’s stock after selling 103,166 shares during the period. Aberdeen Group plc’s holdings in Fiserv were worth $77,065,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC bought a new stake in Fiserv in the 1st quarter worth about $1,722,584,000. JPMorgan Chase & Co. grew its position in Fiserv by 77.2% in 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 purchasing an additional 6,691,703 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Fiserv by 939.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock worth $351,550,000 after purchasing an additional 1,842,784 shares in the last quarter. Swedbank AB grew its position in Fiserv by 366.0% in the 2nd quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock worth $273,916,000 after purchasing an additional 1,247,801 shares in the last quarter. Finally, GQG Partners LLC bought a new stake in Fiserv in the 1st quarter worth about $265,769,000. 90.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FI shares. Monness Crespi & Hardt raised shares of Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. Robert W. Baird reduced their price objective on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft started coverage on shares of Fiserv in a research report on Thursday, July 17th. They issued a “buy” rating and a $200.00 price objective for the company. Jefferies Financial Group dropped their target price on shares of Fiserv from $140.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, September 29th. Finally, Truist Financial boosted their target price on shares of Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and an average price target of $204.46.

Fiserv Stock Performance

Shares of FI stock opened at $122.85 on Friday. The stock has a market capitalization of $66.78 billion, a P/E ratio of 20.51, a PEG ratio of 0.80 and a beta of 0.95. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The firm’s 50 day moving average is $133.18 and its 200 day moving average is $161.97. Fiserv, Inc. has a 12 month low of $122.62 and a 12 month high of $238.59.

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

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.