Sumitomo Mitsui Trust Group Inc. Grows Stock Holdings in Fiserv, Inc. $FI

Sumitomo Mitsui Trust Group Inc. raised its position in shares of Fiserv, Inc. (NYSE:FI) by 5.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,369,717 shares of the business services provider’s stock after buying an additional 76,247 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.25% of Fiserv worth $236,153,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of FI. Nuveen LLC purchased a new position in shares of Fiserv during the first quarter worth $1,722,584,000. JPMorgan Chase & Co. raised its stake 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 valued at $3,390,793,000 after acquiring an additional 6,691,703 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Fiserv by 939.0% in the second quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock valued at $351,550,000 after acquiring an additional 1,842,784 shares in the last quarter. Swedbank AB raised its stake in shares of Fiserv by 366.0% in the second quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock valued at $273,916,000 after acquiring an additional 1,247,801 shares in the last quarter. Finally, GQG Partners LLC acquired a new stake in shares of Fiserv in the first quarter valued at $265,769,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Monness Crespi & Hardt raised Fiserv from a “sell” rating to a “neutral” rating in a report on Monday, July 21st. Citigroup raised Fiserv to a “hold” rating in a report on Thursday. KeyCorp reaffirmed an “overweight” rating and set a $145.00 price target on shares of Fiserv in a report on Wednesday. TD Cowen decreased their price target on Fiserv from $188.00 to $177.00 and set a “buy” rating for the company in a report on Friday, October 17th. Finally, Susquehanna decreased their price target on Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a report on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and an average target price of $181.89.

Fiserv Stock Performance

Shares of FI stock opened at $125.12 on Friday. The stock has a market capitalization of $68.01 billion, a PE ratio of 20.89, 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 stock’s 50-day moving average price is $131.01 and its 200 day moving average price is $156.15. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

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. The firm had revenue of $4.32 billion for the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. As a group, equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS 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.