Fiserv, Inc. $FI Stock Position Decreased by EagleClaw Capital Managment LLC

EagleClaw Capital Managment LLC decreased its position in Fiserv, Inc. (NYSE:FI) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,320 shares of the business services provider’s stock after selling 1,275 shares during the quarter. EagleClaw Capital Managment LLC’s holdings in Fiserv were worth $4,538,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FI. Candriam S.C.A. lifted its stake in Fiserv by 2.0% in the second quarter. Candriam S.C.A. now owns 215,437 shares of the business services provider’s stock valued at $37,145,000 after acquiring an additional 4,231 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Fiserv by 1.5% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 83,802 shares of the business services provider’s stock valued at $14,448,000 after purchasing an additional 1,261 shares during the last quarter. Bailard Inc. increased its position in Fiserv by 4.6% during the second quarter. Bailard Inc. now owns 100,552 shares of the business services provider’s stock worth $17,336,000 after buying an additional 4,389 shares during the last quarter. Renasant Bank increased its position in Fiserv by 64.2% during the second quarter. Renasant Bank now owns 7,069 shares of the business services provider’s stock worth $1,219,000 after buying an additional 2,764 shares during the last quarter. Finally, Accredited Investors Inc. raised its holdings in Fiserv by 100.6% during the second quarter. Accredited Investors Inc. now owns 3,738 shares of the business services provider’s stock valued at $644,000 after buying an additional 1,875 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Truist Financial downgraded Fiserv from a “buy” rating to a “hold” rating and decreased their price target for the stock from $143.00 to $75.00 in a research note on Thursday, October 30th. KeyCorp downgraded Fiserv from an “overweight” rating to a “hold” rating in a report on Thursday, October 30th. Morgan Stanley set a $81.00 price objective on shares of Fiserv and gave the stock an “equal weight” rating in a research note on Thursday, October 30th. BNP Paribas downgraded shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 price objective for the company. in a report on Wednesday, November 5th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $99.00 target price (down previously from $220.00) on shares of Fiserv in a report on Wednesday. Eleven investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $123.25.

Fiserv Stock Performance

Shares of NYSE:FI opened at $63.66 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09. The business’s fifty day moving average price is $114.38 and its two-hundred day moving average price is $143.57. Fiserv, Inc. has a fifty-two week low of $60.95 and a fifty-two week high of $238.59. The stock has a market capitalization of $34.24 billion, a price-to-earnings ratio of 9.84, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The company had revenue of $4.32 billion during the quarter. As a group, analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Transactions at Fiserv

In other news, Director Lance M. Fritz purchased 10,000 shares of Fiserv stock in a transaction on Thursday, October 30th. The shares were purchased at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the transaction, the director directly owned 13,086 shares in the company, valued at approximately $852,945.48. This represents a 324.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is owned by corporate insiders.

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.