Fiserv, Inc. $FI Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its stake in shares of Fiserv, Inc. (NYSE:FI) by 12.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 223,364 shares of the business services provider’s stock after selling 32,153 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Fiserv were worth $38,510,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FI. Brighton Jones LLC lifted its position in Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after purchasing an additional 2,033 shares during the period. Bison Wealth LLC lifted its stake in shares of Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after buying an additional 116 shares during the period. Oppenheimer & Co. Inc. raised 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 valued at $954,000 after acquiring an additional 249 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in Fiserv by 2,521.4% in the first quarter. Golden State Wealth Management LLC now owns 734 shares of the business services provider’s stock valued at $162,000 after purchasing an additional 706 shares during the period. Finally, Pure Financial Advisors LLC purchased a new position in Fiserv during the first quarter worth approximately $201,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Up 0.9%

FI opened at $125.12 on Friday. Fiserv, Inc. has a fifty-two week low of $117.84 and a fifty-two week high of $238.59. The company has a market capitalization of $68.01 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50-day moving average of $131.01 and a 200-day moving average of $155.88.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) 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 for the quarter. Equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group cut their price objective on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, July 25th. Jefferies Financial Group lowered their price target on Fiserv from $130.00 to $125.00 and set a “hold” rating for the company in a report on Monday, October 13th. KeyCorp reaffirmed an “overweight” rating and issued a $145.00 price target on shares of Fiserv in a report on Wednesday. Barclays set a $175.00 target price on Fiserv and gave the company an “overweight” rating in a research note on Monday, July 28th. Finally, Truist Financial set a $143.00 price target on Fiserv and gave the stock a “buy” rating in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $181.89.

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.