Whittier Trust Co. Buys 3,300 Shares of Fiserv, Inc. $FI

Whittier Trust Co. lifted its stake in Fiserv, Inc. (NYSE:FI) by 99.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,613 shares of the business services provider’s stock after acquiring an additional 3,300 shares during the period. Whittier Trust Co.’s holdings in Fiserv were worth $1,140,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. E Fund Management Co. Ltd. raised its position in shares of Fiserv by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock worth $323,000 after acquiring an additional 55 shares in the last quarter. Oakworth Capital Inc. increased its position in Fiserv by 5.6% during the 1st quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider’s stock valued at $235,000 after buying an additional 56 shares in the last quarter. SBI Securities Co. Ltd. increased its position in Fiserv by 6.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock valued at $206,000 after buying an additional 56 shares in the last quarter. Pinnacle Associates Ltd. increased its position in Fiserv by 0.3% during the 1st quarter. Pinnacle Associates Ltd. now owns 16,794 shares of the business services provider’s stock valued at $3,709,000 after buying an additional 57 shares in the last quarter. Finally, PDS Planning Inc increased its position in Fiserv by 1.7% during the 1st quarter. PDS Planning Inc now owns 3,421 shares of the business services provider’s stock valued at $755,000 after buying an additional 58 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Down 0.6%

Shares of FI stock opened at $125.31 on Thursday. The stock’s 50-day simple moving average is $131.45 and its 200-day simple moving average is $157.14. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $68.12 billion, a PE ratio of 20.92, a P/E/G ratio of 0.84 and a beta of 0.95. Fiserv, Inc. has a fifty-two week low of $117.84 and a fifty-two week high of $238.59.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The business had revenue of $4.32 billion for the quarter. Equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

FI has been the topic of several recent analyst reports. Truist Financial upped their target price on Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Stephens reduced their target price on Fiserv from $180.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, October 16th. KeyCorp reaffirmed an “overweight” rating and set a $145.00 target price on shares of Fiserv in a research report on Wednesday. TD Cowen reduced their target price on Fiserv from $188.00 to $177.00 and set a “buy” rating on the stock in a research report on Friday, October 17th. Finally, BTIG Research set a $180.00 price objective on Fiserv and gave the company a “buy” rating in a report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.74.

About Fiserv

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.