Truist Financial Corp Reduces Holdings in Fiserv, Inc. (NYSE:FI)

Truist Financial Corp lessened its holdings in Fiserv, Inc. (NYSE:FI) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 258,622 shares of the business services provider’s stock after selling 10,404 shares during the period. Truist Financial Corp’s holdings in Fiserv were worth $53,126,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FMR LLC grew its holdings in Fiserv by 17.8% during the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after buying an additional 1,427,664 shares during the last quarter. Sanders Capital LLC purchased a new stake in shares of Fiserv in the third quarter valued at $764,543,000. Barclays PLC boosted its stake in shares of Fiserv by 3.0% during the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock valued at $302,737,000 after acquiring an additional 48,413 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Fiserv by 0.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock worth $236,739,000 after purchasing an additional 4,218 shares in the last quarter. Finally, National Pension Service raised its stake in Fiserv by 9.2% in the 3rd quarter. National Pension Service now owns 1,112,168 shares of the business services provider’s stock valued at $199,801,000 after purchasing an additional 93,508 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on FI shares. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lifted their target price on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company increased their price target on Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. BMO Capital Markets lifted their price objective on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, KeyCorp increased their target price on Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Fiserv has an average rating of “Buy” and a consensus price target of $239.83.

Fiserv Trading Up 0.4 %

Shares of FI opened at $230.85 on Tuesday. Fiserv, Inc. has a 12 month low of $145.44 and a 12 month high of $233.26. The stock’s 50-day moving average is $210.77 and its two-hundred day moving average is $196.17. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The stock has a market cap of $131.34 billion, a PE ratio of 42.83, a P/E/G ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS 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%. Equities analysts forecast that Fiserv, Inc. will post 10.22 earnings per share 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.