Zions Bancorporation National Association UT Has $211,000 Stock Position in Fiserv, Inc. $FI

Zions Bancorporation National Association UT cut its holdings in Fiserv, Inc. (NYSE:FI) by 57.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,226 shares of the business services provider’s stock after selling 1,688 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Fiserv were worth $211,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FI. Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of Fiserv by 2.8% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,811 shares of the business services provider’s stock valued at $485,000 after purchasing an additional 77 shares during the period. Midwest Trust Co bought a new position in Fiserv in the second quarter worth approximately $439,000. Acadian Asset Management LLC grew its stake in Fiserv by 1,478.9% in the second quarter. Acadian Asset Management LLC now owns 290,019 shares of the business services provider’s stock valued at $49,995,000 after acquiring an additional 271,650 shares during the period. 1ST Source Bank increased its holdings in shares of Fiserv by 28.6% during the second quarter. 1ST Source Bank now owns 6,044 shares of the business services provider’s stock valued at $1,042,000 after acquiring an additional 1,343 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Fiserv during the second quarter worth approximately $993,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insiders Place Their Bets

In related news, Director Lance M. Fritz acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was acquired at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the acquisition, the director owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This represents a 324.04% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on FI shares. Susquehanna decreased their price target on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a research note on Thursday, July 24th. Truist Financial downgraded shares of Fiserv from a “buy” rating to a “hold” rating and decreased their target price for the stock from $143.00 to $75.00 in a research report on Thursday, October 30th. BNP Paribas lowered shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 target price on the stock. in a report on Wednesday, November 5th. Sanford C. Bernstein cut shares of Fiserv from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $205.00 to $80.00 in a research report on Thursday, October 30th. Finally, Jefferies Financial Group decreased their price objective on Fiserv from $130.00 to $125.00 and set a “hold” rating for the company in a report on Monday, October 13th. Eleven analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fiserv has an average rating of “Hold” and an average target price of $127.28.

Fiserv Price Performance

Fiserv stock opened at $63.79 on Tuesday. Fiserv, Inc. has a 52 week low of $60.95 and a 52 week high of $238.59. The company’s 50 day moving average price is $117.30 and its two-hundred day moving average price is $144.94. The stock has a market cap of $34.31 billion, a P/E ratio of 9.86, a P/E/G ratio of 0.56 and a beta of 0.90. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.15.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The company had revenue of $4.32 billion during the quarter. On average, equities analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current 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.