Fiserv, Inc. $FI Shares Sold by TIAA Trust National Association

TIAA Trust National Association lessened its position in Fiserv, Inc. (NYSE:FI) by 10.6% in the 2nd quarter, Holdings Channel reports. The fund owned 11,092 shares of the business services provider’s stock after selling 1,312 shares during the period. TIAA Trust National Association’s holdings in Fiserv were worth $1,912,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in FI. Nuveen LLC acquired a new stake in Fiserv in the first quarter valued at about $1,722,584,000. JPMorgan Chase & Co. lifted its holdings in shares of Fiserv by 77.2% in the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock valued at $3,390,793,000 after buying an additional 6,691,703 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Fiserv by 939.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock valued at $351,550,000 after buying an additional 1,842,784 shares during the period. Swedbank AB lifted its holdings in shares of Fiserv by 366.0% in the 2nd quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock valued at $273,916,000 after buying an additional 1,247,801 shares during the period. Finally, GQG Partners LLC acquired a new position in Fiserv during the first quarter worth $265,769,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Lance M. Fritz bought 10,000 shares of the stock in a transaction on Thursday, October 30th. The shares were purchased at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the acquisition, the director owned 13,086 shares in the company, valued at $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 SEC, which is available through the SEC website. Company insiders own 0.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on FI shares. Royal Bank Of Canada set a $85.00 target price on Fiserv and gave the company an “outperform” rating in a report on Thursday. Seaport Res Ptn cut shares of Fiserv from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Argus reiterated a “hold” rating on shares of Fiserv in a research note on Thursday, October 30th. Susquehanna lowered their target price on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a research report on Thursday, July 24th. Finally, TD Cowen downgraded shares of Fiserv from a “buy” rating to a “hold” rating and set a $80.00 price target for the company. in a research report on Thursday, October 30th. Eleven analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $131.95.

Fiserv Price Performance

Shares of NYSE FI opened at $65.08 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. The stock has a market cap of $35.38 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 0.56 and a beta of 0.95. The company’s 50-day moving average price is $124.76 and its 200 day moving average price is $149.92. Fiserv, Inc. has a 52 week low of $64.52 and a 52 week high of $238.59.

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