Bey Douglas LLC Lowers Stock Position in Fiserv, Inc. (NYSE:FI)

Bey Douglas LLC reduced its position in Fiserv, Inc. (NYSE:FIFree Report) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,560 shares of the business services provider’s stock after selling 83 shares during the period. Fiserv makes up about 5.8% of Bey Douglas LLC’s investment portfolio, making the stock its 6th biggest position. Bey Douglas LLC’s holdings in Fiserv were worth $6,688,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sanders Capital LLC purchased a new stake in shares of Fiserv in the 3rd quarter worth $764,543,000. FMR LLC grew its holdings in Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after purchasing an additional 1,427,664 shares during the period. Kovitz Investment Group Partners LLC increased its position in Fiserv by 788.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after buying an additional 561,377 shares in the last quarter. Mizuho Securities USA LLC raised its stake in shares of Fiserv by 1,238.6% in the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock worth $108,488,000 after buying an additional 558,774 shares during the period. Finally, Cardano Risk Management B.V. bought a new position in shares of Fiserv in the fourth quarter worth about $97,254,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group increased their target price on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. upped their price target on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company raised their price objective on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Royal Bank of Canada upped their target price on shares of Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, Morgan Stanley raised their price target on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Fiserv presently has a consensus rating of “Buy” and an average price target of $239.83.

Read Our Latest Analysis on FI

Fiserv Stock Up 1.0 %

Shares of NYSE FI opened at $229.93 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 12-month low of $142.98 and a 12-month high of $233.26. The firm’s 50-day moving average price is $209.78 and its 200-day moving average price is $195.00. The stock has a market capitalization of $130.81 billion, a price-to-earnings ratio of 42.66, a P/E/G ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FIGet Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. On average, equities research analysts anticipate that Fiserv, Inc. will post 10.22 EPS for the current fiscal year.

Fiserv Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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