Securian Asset Management Inc. Trims Stake in Fiserv, Inc. $FI

Securian Asset Management Inc. lowered its stake in shares of Fiserv, Inc. (NYSE:FI) by 3.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,987 shares of the business services provider’s stock after selling 1,163 shares during the quarter. Securian Asset Management Inc.’s holdings in Fiserv were worth $4,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. E Fund Management Co. Ltd. increased its position 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 valued at $323,000 after buying an additional 55 shares during the period. Oakworth Capital Inc. boosted its stake in 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 acquiring an additional 56 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in 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 acquiring an additional 56 shares in the last quarter. Pinnacle Associates Ltd. boosted its stake in 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 acquiring an additional 57 shares in the last quarter. Finally, PDS Planning Inc boosted its stake in Fiserv by 1.7% during the first quarter. PDS Planning Inc now owns 3,421 shares of the business services provider’s stock worth $755,000 after acquiring an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on FI. Wall Street Zen lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. UBS Group dropped their price objective on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, July 25th. Monness Crespi & Hardt raised shares of Fiserv from a “sell” rating to a “neutral” rating in a research note on Monday, July 21st. The Goldman Sachs Group dropped their price objective on shares of Fiserv from $192.00 to $149.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Finally, BTIG Research set a $180.00 price objective on shares of Fiserv and gave the stock a “buy” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and a consensus target price of $196.11.

Fiserv Trading Up 2.1%

NYSE:FI opened at $124.17 on Tuesday. The company’s 50 day moving average price is $131.76 and its 200-day moving average price is $157.58. Fiserv, Inc. has a 52 week low of $117.84 and a 52 week high of $238.59. 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 stock has a market cap of $67.50 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 0.79 and a beta of 0.95.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The firm 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, equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal 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.