Fiserv, Inc. $FI Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC cut its stake in Fiserv, Inc. (NYSE:FI) by 16.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,083 shares of the business services provider’s stock after selling 425 shares during the quarter. International Assets Investment Management LLC’s holdings in Fiserv were worth $359,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Fiserv by 1.1% during the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock worth $11,059,063,000 after buying an additional 535,407 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Fiserv by 77.2% in the first 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 during the period. Massachusetts Financial Services Co. MA boosted its stake 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 stake in shares of Fiserv during the 1st quarter valued at about $1,722,584,000. Finally, Alliancebernstein L.P. increased its stake in shares of Fiserv by 5.3% in the 1st quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider’s stock valued at $1,264,178,000 after purchasing an additional 287,420 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FI shares. JPMorgan Chase & Co. lowered their price target on Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Barclays set a $175.00 target price on Fiserv and gave the company an “overweight” rating in a research report on Monday, July 28th. Stephens cut their price objective on Fiserv from $180.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Susquehanna dropped their target price on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a report on Thursday, July 24th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $145.00 price target on shares of Fiserv in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.74.

Fiserv Stock Down 0.6%

FI stock opened at $125.31 on Thursday. The stock has a market cap of $68.12 billion, a P/E ratio of 20.92, a PEG ratio of 0.84 and a beta of 0.95. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a twelve month low of $117.84 and a twelve month high of $238.59. The company’s 50 day moving average is $131.45 and its two-hundred day moving average is $157.14.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm had revenue of $4.32 billion for the quarter. Research analysts expect 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.