Forvis Mazars Wealth Advisors LLC Sells 768 Shares of Fiserv, Inc. $FI

Forvis Mazars Wealth Advisors LLC trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,653 shares of the business services provider’s stock after selling 768 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Fiserv were worth $3,561,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Sowell Financial Services LLC raised its stake in shares of Fiserv by 9.7% during the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock worth $610,000 after purchasing an additional 314 shares during the period. Kathmere Capital Management LLC raised its stake in Fiserv by 7.7% in the 2nd quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider’s stock valued at $257,000 after acquiring an additional 106 shares during the period. Verdence Capital Advisors LLC raised its stake in Fiserv by 8.3% in the 2nd quarter. Verdence Capital Advisors LLC now owns 40,454 shares of the business services provider’s stock valued at $6,975,000 after acquiring an additional 3,097 shares during the period. Gotham Asset Management LLC raised its stake in Fiserv by 5.4% in the 1st quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider’s stock valued at $16,490,000 after acquiring an additional 3,809 shares during the period. Finally, Deltec Asset Management LLC bought a new stake in Fiserv in the 2nd quarter valued at about $1,034,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Up 3.2%

Shares of FI opened at $121.78 on Friday. The business’s 50-day moving average price is $131.92 and its 200-day moving average price is $158.51. Fiserv, Inc. has a twelve month low of $117.84 and a twelve month high of $238.59. The stock has a market cap of $66.20 billion, a PE ratio of 20.33, a P/E/G ratio of 0.79 and a beta of 0.95. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. KeyCorp lowered their price objective on Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Stephens lowered their price objective on Fiserv from $180.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday. BTIG Research set a $180.00 price objective on Fiserv and gave the company a “buy” rating in a research note on Friday. Jefferies Financial Group lowered their price objective on Fiserv from $130.00 to $125.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Finally, Raymond James Financial set a $167.00 price objective on Fiserv and gave the company an “outperform” rating in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $196.11.

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.