Clarendon Private LLC Reduces Stock Position in Fiserv, Inc. $FI

Clarendon Private LLC reduced its position in shares of Fiserv, Inc. (NYSE:FI) by 36.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,628 shares of the business services provider’s stock after selling 1,516 shares during the period. Clarendon Private LLC’s holdings in Fiserv were worth $453,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Activest Wealth Management lifted its holdings in Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after buying an additional 126 shares during the period. Hager Investment Management Services LLC purchased a new stake in Fiserv in the second quarter worth about $34,000. Christopher J. Hasenberg Inc lifted its holdings in Fiserv by 218.5% in the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after buying an additional 142 shares during the period. Armstrong Advisory Group Inc. lifted its holdings in Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after buying an additional 136 shares during the period. Finally, Abound Financial LLC purchased a new stake in Fiserv in the first quarter worth about $38,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FI has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Fiserv in a report on Wednesday. KeyCorp lowered their price objective on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Truist Financial lifted their target price on shares of Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Mizuho lowered their target price on shares of Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, July 29th. Finally, Susquehanna lowered their target price on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $204.46.

Fiserv Price Performance

Shares of FI opened at $122.85 on Friday. The company has a market capitalization of $66.78 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 0.80 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. The firm has a 50 day moving average of $133.18 and a 200 day moving average of $161.97. Fiserv, Inc. has a twelve month low of $122.62 and a twelve month high of $238.59.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. The company had revenue of $4.32 billion during the quarter. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. As a group, equities research analysts anticipate that Fiserv, Inc. will post 10.23 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.