Wendell David Associates Inc. Sells 1,610 Shares of Fiserv, Inc. $FI

Wendell David Associates Inc. lowered its position in Fiserv, Inc. (NYSE:FI) by 1.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 132,505 shares of the business services provider’s stock after selling 1,610 shares during the quarter. Fiserv comprises approximately 2.3% of Wendell David Associates Inc.’s portfolio, making the stock its 11th largest holding. Wendell David Associates Inc.’s holdings in Fiserv were worth $22,845,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FI. Brighton Jones LLC increased its holdings in shares of Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after purchasing an additional 2,033 shares during the period. Bison Wealth LLC increased its stake in Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after acquiring an additional 116 shares during the last quarter. Johnson Investment Counsel Inc. increased its stake in Fiserv by 0.9% in the first quarter. Johnson Investment Counsel Inc. now owns 9,896 shares of the business services provider’s stock valued at $2,185,000 after acquiring an additional 85 shares during the last quarter. Aspire Private Capital LLC increased its stake in Fiserv by 5.0% in the first quarter. Aspire Private Capital LLC now owns 4,101 shares of the business services provider’s stock valued at $906,000 after acquiring an additional 196 shares during the last quarter. Finally, Suncoast Equity Management increased its stake in Fiserv by 1.8% in the first quarter. Suncoast Equity Management now owns 217,273 shares of the business services provider’s stock valued at $47,980,000 after acquiring an additional 3,923 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on FI shares. TD Cowen reduced their target price on Fiserv from $188.00 to $177.00 and set a “buy” rating on the stock in a research note on Friday. Mizuho reduced their target price on Fiserv from $194.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 29th. KeyCorp cut their price target on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Barclays set a $175.00 price target on shares of Fiserv and gave the company an “overweight” rating in a research report on Monday, July 28th. Finally, Wall Street Zen lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $196.11.

Fiserv Stock Performance

Fiserv stock opened at $121.78 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average of $131.92 and a 200-day moving average of $158.51. The firm has a market cap of $66.20 billion, a P/E ratio of 20.33, a P/E/G ratio of 0.79 and a beta of 0.95. Fiserv, Inc. has a 1-year low of $117.84 and a 1-year high of $238.59.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The company had revenue of $4.32 billion during the quarter. Sell-side analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

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.