Fiserv, Inc. $FI Shares Sold by MGO One Seven LLC

MGO One Seven LLC trimmed its stake in shares of Fiserv, Inc. (NYSE:FI) by 4.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 12,302 shares of the business services provider’s stock after selling 511 shares during the period. MGO One Seven LLC’s holdings in Fiserv were worth $2,121,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Fiserv by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock worth $11,059,063,000 after acquiring an additional 535,407 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Fiserv by 77.2% during the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock worth $3,390,793,000 after acquiring an additional 6,691,703 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Fiserv by 3.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider’s stock worth $1,829,451,000 after acquiring an additional 253,544 shares in the last quarter. Nuveen LLC acquired a new position in shares of Fiserv during the 1st quarter worth about $1,722,584,000. Finally, Alliancebernstein L.P. boosted its position in shares of Fiserv by 5.3% during the 1st quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider’s stock worth $1,264,178,000 after acquiring an additional 287,420 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Up 1.2%

Fiserv stock 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 company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $67.40 billion, a P/E ratio of 20.70, a PEG ratio of 0.80 and a beta of 0.95. The stock has a 50-day simple moving average of $132.70 and a 200-day simple moving average of $160.65.

Fiserv (NYSE:FI) last posted 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 return on equity of 19.69% and a net margin of 16.00%. Equities research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analyst Weigh In

FI has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Fiserv in a research report on Thursday, July 17th. They set a “buy” rating and a $200.00 price objective for the company. Susquehanna lowered 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. Jefferies Financial Group lowered their price objective on Fiserv from $140.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, September 29th. Wall Street Zen downgraded Fiserv from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Stephens reduced their target price on Fiserv from $240.00 to $180.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $202.73.

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.