Jag Capital Management LLC Sells 448 Shares of Fiserv, Inc. $FI

Jag Capital Management LLC lessened its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,065 shares of the business services provider’s stock after selling 448 shares during the quarter. Jag Capital Management LLC’s holdings in Fiserv were worth $3,977,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Activest Wealth Management boosted its position in Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after purchasing an additional 126 shares during the period. Hager Investment Management Services LLC bought a new stake in shares of Fiserv during the 2nd quarter worth $34,000. Christopher J. Hasenberg Inc boosted its holdings in shares of Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after buying an additional 142 shares during the period. Armstrong Advisory Group Inc. boosted its holdings in Fiserv by 178.9% during the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 136 shares during the period. Finally, Abound Financial LLC bought a new stake in Fiserv during the first quarter valued at about $38,000. Institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Raymond James Financial set a $167.00 price target on shares of Fiserv and gave the company an “outperform” rating in a report on Friday. Truist Financial increased their target price on Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Morgan Stanley decreased their target price on Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a research note on Monday, July 21st. JPMorgan Chase & Co. reduced their price objective on Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Finally, Jefferies Financial Group reduced their price objective on Fiserv from $140.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $202.73.

Fiserv Price Performance

NYSE:FI opened at $122.55 on Tuesday. The company has a 50-day moving average of $132.91 and a 200-day moving average of $160.91. The company has a market capitalization of $66.62 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 0.80 and a beta of 0.95. Fiserv, Inc. has a 52 week low of $121.93 and a 52 week high of $238.59. 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 released 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%. As a group, equities research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal 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.