Fiserv, Inc. $FI is Pittenger & Anderson Inc.’s Largest Position

Pittenger & Anderson Inc. boosted its position in Fiserv, Inc. (NYSE:FI) by 0.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,881,801 shares of the business services provider’s stock after purchasing an additional 2,270 shares during the period. Fiserv comprises approximately 18.2% of Pittenger & Anderson Inc.’s portfolio, making the stock its biggest holding. Pittenger & Anderson Inc. owned 0.53% of Fiserv worth $496,851,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FI. Nuveen LLC bought a new stake in shares of Fiserv in the first quarter valued at $1,722,584,000. JPMorgan Chase & Co. increased its holdings in Fiserv by 77.2% in the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock worth $3,390,793,000 after acquiring an additional 6,691,703 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Fiserv by 939.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock worth $351,550,000 after acquiring an additional 1,842,784 shares during the last quarter. Swedbank AB raised its stake in Fiserv by 366.0% in the 2nd 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 during the period. Finally, GQG Partners LLC purchased a new stake in Fiserv during the first quarter valued at about $265,769,000. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Performance

NYSE:FI opened at $124.17 on Tuesday. The business’s 50-day moving average price is $131.76 and its two-hundred day moving average price is $157.58. Fiserv, Inc. has a twelve month low of $117.84 and a twelve month high of $238.59. The stock has a market cap of $67.50 billion, a P/E ratio of 20.73, a PEG ratio of 0.79 and a beta of 0.95. 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 released its quarterly earnings results 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 firm had revenue of $4.32 billion for the quarter. As a group, equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FI shares. Wall Street Zen downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. UBS Group cut their price objective on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a report on Friday, July 25th. JPMorgan Chase & Co. dropped their target price on Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Truist Financial raised their price target on Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Finally, The Goldman Sachs Group decreased their price objective on Fiserv from $192.00 to $149.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $196.11.

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.