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

C WorldWide Group Holding A S decreased its position in shares of Fiserv, Inc. (NYSE:FI) by 99.3% during the 2nd quarter, HoldingsChannel.com reports. 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 filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Activest Wealth Management grew its holdings in shares of Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after purchasing an additional 126 shares during the last quarter. Hager Investment Management Services LLC purchased a new position in shares of Fiserv during the second quarter worth about $34,000. Christopher J. Hasenberg Inc grew its holdings in shares of Fiserv by 218.5% during the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. grew its holdings in shares of Fiserv by 178.9% during the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after purchasing an additional 136 shares during the last quarter. Finally, Solstein Capital LLC purchased a new position in shares of Fiserv during the second quarter worth about $43,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

NYSE FI opened at $63.96 on Thursday. 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, Inc. has a 52-week low of $63.50 and a 52-week high of $238.59. The business’s 50-day moving average price is $121.80 and its 200 day moving average price is $148.31. The firm has a market cap 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.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Robert W. Baird dropped their price objective on Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a report on Thursday, July 24th. Oppenheimer reaffirmed an “outperform” rating and set a $91.00 price objective on shares of Fiserv in a report on Thursday, October 30th. Truist Financial lowered Fiserv from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $143.00 to $75.00 in a report on Thursday, October 30th. Susquehanna lowered their price target on Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a report on Thursday, July 24th. Finally, Raymond James Financial set a $167.00 price target on Fiserv and gave the stock an “outperform” rating in a report on Friday, October 10th. 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. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $127.28.

Insider Buying and Selling

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

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.