Amalgamated Bank Sells 6,069 Shares of Fiserv, Inc. $FI

Amalgamated Bank reduced its holdings in shares of Fiserv, Inc. (NYSE:FI) by 5.1% during the second quarter, HoldingsChannel.com reports. The fund owned 112,844 shares of the business services provider’s stock after selling 6,069 shares during the quarter. Amalgamated Bank’s holdings in Fiserv were worth $19,455,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of FI. Savvy Advisors Inc. raised its stake in shares of Fiserv by 40.4% in the second quarter. Savvy Advisors Inc. now owns 4,098 shares of the business services provider’s stock valued at $707,000 after buying an additional 1,179 shares during the period. Live Oak Private Wealth LLC increased its position in shares of Fiserv by 3.9% during the second quarter. Live Oak Private Wealth LLC now owns 40,886 shares of the business services provider’s stock valued at $7,049,000 after buying an additional 1,522 shares during the period. Assetmark Inc. increased its position in shares of Fiserv by 49.3% during the second quarter. Assetmark Inc. now owns 136,461 shares of the business services provider’s stock valued at $23,527,000 after buying an additional 45,047 shares during the period. Arkadios Wealth Advisors increased its stake in Fiserv by 411.7% in the 2nd quarter. Arkadios Wealth Advisors now owns 12,859 shares of the business services provider’s stock worth $2,217,000 after acquiring an additional 10,346 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in Fiserv in the 2nd quarter worth about $107,000. 90.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FI. Compass Point cut Fiserv to a “neutral” rating and set a $127.50 price objective for the company. in a report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Fiserv in a report on Wednesday, October 8th. Stephens dropped their target price on Fiserv from $180.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, October 16th. The Goldman Sachs Group cut Fiserv to a “neutral” rating and set a $79.00 target price for the company. in a report on Thursday. Finally, Jefferies Financial Group dropped their target price on Fiserv from $130.00 to $125.00 and set a “hold” rating for the company in a report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $166.13.

Fiserv Stock Down 44.0%

Shares of NYSE:FI opened at $70.68 on Thursday. Fiserv, Inc. has a 52-week low of $66.58 and a 52-week high of $238.59. The firm has a market capitalization of $38.42 billion, a P/E ratio of 11.80, a P/E/G ratio of 0.84 and a beta of 0.95. The stock has a 50 day moving average price of $129.16 and a 200-day moving average price of $153.40. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The company had revenue of $4.32 billion during the quarter. As a group, equities research analysts anticipate that Fiserv, Inc. will post 10.23 EPS 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.