Mitchell Sinkler & Starr PA Boosts Stock Holdings in Fiserv, Inc. $FI

Mitchell Sinkler & Starr PA raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 17.0% during the second quarter, HoldingsChannel reports. The firm owned 1,799 shares of the business services provider’s stock after purchasing an additional 262 shares during the period. Mitchell Sinkler & Starr PA’s holdings in Fiserv were worth $310,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FI. Nuveen LLC purchased a new position in Fiserv during the 1st quarter valued at about $1,722,584,000. JPMorgan Chase & Co. increased its position in Fiserv by 77.2% during the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock valued at $3,390,793,000 after purchasing an additional 6,691,703 shares during the period. Assenagon Asset Management S.A. increased its position in Fiserv by 939.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock valued at $351,550,000 after purchasing an additional 1,842,784 shares during the period. Swedbank AB boosted its holdings in shares of 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 buying an additional 1,247,801 shares in the last quarter. Finally, GQG Partners LLC bought a new stake in shares of Fiserv in the 1st quarter valued at about $265,769,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Down 2.5%

FI stock opened at $122.85 on Friday. The firm has a 50 day moving average of $133.18 and a 200 day moving average of $161.97. The stock has a market capitalization of $66.78 billion, a PE 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. Fiserv, Inc. has a 52 week low of $122.62 and a 52 week high of $238.59.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS 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%. Sell-side analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. KeyCorp lowered their price target on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Weiss Ratings restated a “hold (c)” rating on shares of Fiserv in a report on Wednesday. Wall Street Zen cut shares of Fiserv from a “buy” rating to a “hold” rating in a report on Saturday. Monness Crespi & Hardt upgraded shares of Fiserv from a “sell” rating to a “neutral” rating in a report on Monday, July 21st. Finally, Robert W. Baird lowered their price target on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $204.46.

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.