John G Ullman & Associates Inc. Reduces Holdings in Fiserv, Inc. $FI

John G Ullman & Associates Inc. decreased its position in shares of Fiserv, Inc. (NYSE:FI) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,782 shares of the business services provider’s stock after selling 1,455 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Fiserv were worth $6,342,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Rappaport Reiches Capital Management LLC grew its holdings in shares of Fiserv by 3.9% during the first quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider’s stock worth $282,000 after purchasing an additional 48 shares during the last quarter. E Fund Management Co. Ltd. grew its holdings in shares of Fiserv by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock worth $323,000 after purchasing an additional 55 shares during the last quarter. Oakworth Capital Inc. boosted its stake in shares of Fiserv by 5.6% during the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider’s stock worth $235,000 after buying an additional 56 shares during the period. SBI Securities Co. Ltd. boosted its stake in shares of Fiserv by 6.4% during the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock worth $206,000 after buying an additional 56 shares during the period. Finally, Pinnacle Associates Ltd. boosted its stake in shares of Fiserv by 0.3% during the first quarter. Pinnacle Associates Ltd. now owns 16,794 shares of the business services provider’s stock worth $3,709,000 after buying an additional 57 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NYSE:FI opened at $121.78 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The company has a market cap of $66.20 billion, a P/E ratio of 20.33, a PEG ratio of 0.79 and a beta of 0.95. Fiserv, Inc. has a 52 week low of $117.84 and a 52 week high of $238.59. The company has a 50-day moving average price of $131.92 and a 200 day moving average price of $158.51.

Fiserv (NYSE:FI) last announced its quarterly earnings data 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 net margin of 16.00% and a return on equity of 19.69%. Research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FI shares. JPMorgan Chase & Co. decreased their target price on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. BTIG Research set a $180.00 target price on shares of Fiserv and gave the stock a “buy” rating in a research note on Friday. Robert W. Baird decreased their target price on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research note on Thursday, July 24th. Mizuho decreased their target price on shares of Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, July 29th. Finally, The Goldman Sachs Group decreased their target price on shares of Fiserv from $192.00 to $149.00 and set a “buy” rating for the company in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $196.11.

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.