OFI Invest Asset Management Trims Position in Fiserv, Inc. $FI

OFI Invest Asset Management cut its position in Fiserv, Inc. (NYSE:FI) by 1.2% in the second quarter, HoldingsChannel.com reports. The firm owned 22,267 shares of the business services provider’s stock after selling 280 shares during the quarter. OFI Invest Asset Management’s holdings in Fiserv were worth $3,839,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Activest Wealth Management increased its stake in shares of Fiserv by 3,150.0% in 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 in the last quarter. Abound Financial LLC purchased a new stake in shares of Fiserv in the first quarter worth $38,000. Hager Investment Management Services LLC bought a new position in shares of Fiserv during the second quarter worth $34,000. Christopher J. Hasenberg Inc boosted its position in shares of Fiserv by 218.5% during the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after acquiring an additional 142 shares during the last quarter. Finally, Armstrong Advisory Group Inc. boosted its position in shares of Fiserv by 178.9% during the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after acquiring an additional 136 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Fiserv in a research report on Wednesday. KeyCorp dropped their target price on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Raymond James Financial set a $167.00 target price on shares of Fiserv and gave the stock an “outperform” rating in a research report on Friday. Robert W. Baird dropped their target price on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. Finally, Morgan Stanley dropped their target price on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $204.46.

Fiserv Price Performance

FI stock opened at $122.85 on Friday. Fiserv, Inc. has a 52 week low of $122.62 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 company has a fifty day simple moving average of $133.18 and a two-hundred day simple moving average of $161.97. The firm has a market capitalization of $66.78 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 0.80 and a beta of 0.95.

Fiserv (NYSE:FI) last released its quarterly earnings data 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 business had revenue of $4.32 billion during the quarter. Analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share 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.