Oppenheimer Asset Management Inc. Decreases Stock Position in Fiserv, Inc. $FI

Oppenheimer Asset Management Inc. lessened its stake in shares of Fiserv, Inc. (NYSE:FI) by 11.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 53,750 shares of the business services provider’s stock after selling 7,037 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Fiserv were worth $9,267,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FI. Brighton Jones LLC raised its holdings in Fiserv by 91.9% during the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after buying an additional 2,033 shares during the period. Bison Wealth LLC raised its holdings in Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after buying an additional 116 shares during the period. Oppenheimer & Co. Inc. raised its holdings in Fiserv by 6.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 4,319 shares of the business services provider’s stock valued at $954,000 after buying an additional 249 shares during the period. Golden State Wealth Management LLC raised its holdings in Fiserv by 2,521.4% during the 1st quarter. Golden State Wealth Management LLC now owns 734 shares of the business services provider’s stock valued at $162,000 after buying an additional 706 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Fiserv by 142.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 149,156 shares of the business services provider’s stock valued at $32,938,000 after buying an additional 87,688 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

FI opened at $125.12 on Monday. Fiserv, Inc. has a 12-month low of $117.84 and a 12-month high of $238.59. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The business’s fifty day simple moving average is $131.01 and its 200-day simple moving average is $155.49. The company has a market capitalization of $68.01 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 0.83 and a beta of 0.95.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) 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. On average, equities research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FI has been the topic of several recent research reports. Citigroup upgraded Fiserv to a “hold” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft set a $122.00 target price on Fiserv in a research note on Thursday, October 16th. Wells Fargo & Company upgraded Fiserv to a “hold” rating in a research note on Wednesday, October 22nd. Mizuho reduced their target price on Fiserv from $194.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 29th. Finally, Barclays set a $175.00 target price on Fiserv and gave the stock an “overweight” rating in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $181.89.

Fiserv 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.