North Point Portfolio Managers Corp OH Sells 1,431 Shares of Fiserv, Inc. $FI

North Point Portfolio Managers Corp OH trimmed its position in Fiserv, Inc. (NYSE:FI) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,689 shares of the business services provider’s stock after selling 1,431 shares during the quarter. Fiserv accounts for 3.7% of North Point Portfolio Managers Corp OH’s holdings, making the stock its 6th biggest holding. North Point Portfolio Managers Corp OH’s holdings in Fiserv were worth $21,325,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FI. Brighton Jones LLC grew its holdings in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after buying an additional 2,033 shares in the last quarter. Bison Wealth LLC grew its holdings in Fiserv by 5.3% in the 4th 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 in the last quarter. Intact Investment Management Inc. acquired a new position in Fiserv in the 1st quarter valued at $66,000. Rappaport Reiches Capital Management LLC grew its holdings in Fiserv by 3.9% in the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider’s stock valued at $282,000 after buying an additional 48 shares in the last quarter. Finally, Heartland Bank & Trust Co acquired a new position in Fiserv in the 1st quarter valued at $417,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of FI stock opened at $121.78 on Monday. 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, Inc. has a twelve month low of $117.84 and a twelve month high of $238.59. The company has a market cap of $66.20 billion, a P/E ratio of 20.33, a P/E/G ratio of 0.79 and a beta of 0.95. The business has a fifty day simple moving average of $131.92 and a 200 day simple moving average of $158.10.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The business had revenue of $4.32 billion during the quarter. On average, sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FI has been the subject of a number of recent analyst reports. Raymond James Financial set a $167.00 target price on Fiserv and gave the company an “outperform” rating in a research report on Friday, October 10th. Robert W. Baird cut their target price on Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. KeyCorp cut their target price on Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Mizuho cut their target price on Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, July 29th. Finally, Wall Street Zen downgraded Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $196.11.

About Fiserv

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.