D.A. Davidson & CO. Has $27.12 Million Position in Fiserv, Inc. $FI

D.A. Davidson & CO. lessened its position in Fiserv, Inc. (NYSE:FI) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,309 shares of the business services provider’s stock after selling 6,355 shares during the period. D.A. Davidson & CO.’s holdings in Fiserv were worth $27,122,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of FI. Brighton Jones LLC increased its holdings in Fiserv by 91.9% in the 4th 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 in the last quarter. Bison Wealth LLC increased its holdings in Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after purchasing an additional 116 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Fiserv by 0.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 60,787 shares of the business services provider’s stock worth $13,424,000 after purchasing an additional 478 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in Fiserv by 6.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 4,319 shares of the business services provider’s stock worth $954,000 after purchasing an additional 249 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in Fiserv by 4.8% in the 1st quarter. Asset Management One Co. Ltd. now owns 238,418 shares of the business services provider’s stock worth $52,650,000 after purchasing an additional 11,007 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Stephens decreased their price target on Fiserv from $180.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. UBS Group decreased their price target on Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, July 25th. BTIG Research set a $180.00 price target on Fiserv and gave the company a “buy” rating in a research note on Friday. JPMorgan Chase & Co. decreased their price target on Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Finally, Morgan Stanley decreased their price target on Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $190.93.

Fiserv Stock Performance

Shares of FI stock opened at $126.05 on Wednesday. The company has a market cap of $68.52 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95. Fiserv, Inc. has a 52 week low of $117.84 and a 52 week high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The firm has a 50 day moving average of $131.63 and a 200-day moving average of $157.36.

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

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.