C WorldWide Group Holding A S Cuts Position in Fiserv, Inc. $FI

C WorldWide Group Holding A S decreased its position in Fiserv, Inc. (NYSE:FI) by 99.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,494 shares of the business services provider’s stock after selling 1,729,006 shares during the quarter. C WorldWide Group Holding A S’s holdings in Fiserv were worth $1,982,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FI. Activest Wealth Management raised its position in Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 126 shares during the period. Hager Investment Management Services LLC purchased a new stake in Fiserv in the second quarter valued at approximately $34,000. Christopher J. Hasenberg Inc raised its position in Fiserv by 218.5% in the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 142 shares during the period. Armstrong Advisory Group Inc. raised its position in Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 136 shares during the period. Finally, Solstein Capital LLC purchased a new stake in Fiserv in the second quarter valued at approximately $43,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods cut their target price on Fiserv from $170.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. BNP Paribas lowered Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 target price on the stock. in a research report on Wednesday. Sanford C. Bernstein lowered Fiserv from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $205.00 to $80.00 in a research report on Thursday, October 30th. Monness Crespi & Hardt raised Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. Finally, Wall Street Zen lowered Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Eleven research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $127.28.

Fiserv Stock Down 0.8%

Fiserv stock opened at $63.96 on Thursday. The firm has a market capitalization of $34.77 billion, a P/E ratio of 9.89, a P/E/G ratio of 0.56 and a beta of 0.95. The stock’s fifty day simple moving average is $121.80 and its 200-day simple moving average is $148.31. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. Fiserv, Inc. has a twelve month low of $63.50 and a twelve month high of $238.59.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The firm had revenue of $4.32 billion for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%. As a group, equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fiserv news, Director Lance M. Fritz bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were purchased at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the acquisition, the director directly owned 13,086 shares of the company’s stock, valued at $852,945.48. This represents a 324.04% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.74% of the stock is owned by company insiders.

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.