Simmons Bank Has $833,000 Stake in Fiserv, Inc. $FI

Simmons Bank grew its stake in Fiserv, Inc. (NYSE:FI) by 55.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,829 shares of the business services provider’s stock after buying an additional 1,718 shares during the period. Simmons Bank’s holdings in Fiserv were worth $833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Fiserv by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock worth $11,059,063,000 after purchasing an additional 535,407 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Fiserv by 77.2% during the 1st 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. Massachusetts Financial Services Co. MA boosted its position in shares of Fiserv by 3.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider’s stock valued at $1,829,451,000 after acquiring an additional 253,544 shares in the last quarter. Nuveen LLC bought a new stake in Fiserv in the first quarter valued at about $1,722,584,000. Finally, Alliancebernstein L.P. increased its stake in Fiserv by 5.3% in the first quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider’s stock valued at $1,264,178,000 after acquiring an additional 287,420 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Lance M. Fritz bought 10,000 shares of Fiserv stock in a transaction dated Thursday, October 30th. The shares were bought at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the transaction, the director owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Fiserv in a research note on Wednesday, October 8th. Truist Financial lowered Fiserv from a “buy” rating to a “hold” rating and decreased their price target for the company from $143.00 to $75.00 in a research note on Thursday, October 30th. Keefe, Bruyette & Woods decreased their price target on Fiserv from $170.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Jefferies Financial Group decreased their price target on Fiserv from $130.00 to $125.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Finally, Deutsche Bank Aktiengesellschaft set a $122.00 price target on Fiserv in a research note on Thursday, October 16th. 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $127.28.

Fiserv Price Performance

NYSE:FI opened at $63.96 on Thursday. The firm has a market cap of $34.77 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 0.56 and a beta of 0.95. Fiserv, Inc. has a 12 month low of $63.50 and a 12 month high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The company’s 50-day moving average price is $121.80 and its two-hundred day moving average price is $148.31.

Fiserv (NYSE:FI) last released its quarterly 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 net margin of 17.05% and a return on equity of 19.47%. On average, equities analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal 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.