Fiserv, Inc. $FI Stock Position Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in shares of Fiserv, Inc. (NYSE:FI) by 31.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 382,625 shares of the business services provider’s stock after acquiring an additional 92,501 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Fiserv were worth $66,072,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Activest Wealth Management boosted its position in shares of Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after buying an additional 126 shares during the period. Abound Financial LLC acquired a new stake in shares of Fiserv in the first quarter worth $38,000. Hager Investment Management Services LLC acquired a new stake in shares of Fiserv in the second quarter worth $34,000. Christopher J. Hasenberg Inc boosted its position in shares of Fiserv by 218.5% in the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after buying an additional 142 shares during the period. Finally, Armstrong Advisory Group Inc. boosted its position in shares of Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after buying an additional 136 shares during the period. 90.98% of the stock is owned by institutional investors.

Fiserv Price Performance

NYSE FI opened at $124.00 on Wednesday. Fiserv, Inc. has a fifty-two week low of $121.40 and a fifty-two week high of $238.59. The stock’s 50-day moving average is $132.70 and its two-hundred day moving average is $160.65. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $67.40 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 0.80 and a beta of 0.95.

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. The company had revenue of $4.32 billion for the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. On average, analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FI has been the subject of several recent analyst reports. Jefferies Financial Group decreased their target price on Fiserv from $140.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, September 29th. KeyCorp decreased their target price on Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Raymond James Financial set a $167.00 price objective on Fiserv and gave the company an “outperform” rating in a research report on Friday. Susquehanna reduced their price objective on Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a research report on Thursday, July 24th. Finally, Robert W. Baird reduced their price objective on Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $202.73.

About Fiserv

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.