Aberdeen Group plc Has $77.07 Million Holdings in Fiserv, Inc. $FI

Key Points

• Aberdeen Group plc reduced its holdings in Fiserv, Inc. by 18.8% during the second quarter, owning 446,984 shares worth approximately $77.07 million as of its latest SEC filing.
• Fiserv's stock has seen a shift in analyst ratings, with Jefferies lowering their target price from $140.00 to $130.00, while Raymond James set a target price of $167.00 and rated it as "outperform".
• The company's recent earnings report indicated a net margin of 16.00% with a revenue of $4.32 billion, and analysts expect an EPS of 10.23 for the current fiscal year.

Aberdeen Group plc lessened its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 18.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 446,984 shares of the business services provider's stock after selling 103,166 shares during the period. Aberdeen Group plc owned 0.08% of Fiserv worth $77,065,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Agate Pass Investment Management LLC raised its stake in Fiserv by 0.6% during the second quarter. Agate Pass Investment Management LLC now owns 20,067 shares of the business services provider's stock worth $3,460,000 after buying an additional 128 shares during the last quarter. JFS Wealth Advisors LLC raised its stake in Fiserv by 54.4% during the second quarter. JFS Wealth Advisors LLC now owns 2,092 shares of the business services provider's stock worth $361,000 after buying an additional 737 shares during the last quarter. Thompson Investment Management Inc. raised its stake in Fiserv by 8.5% during the second quarter. Thompson Investment Management Inc. now owns 40,095 shares of the business services provider's stock worth $6,913,000 after buying an additional 3,155 shares during the last quarter. L. Roy Papp & Associates LLP raised its stake in Fiserv by 11.9% during the second quarter. L. Roy Papp & Associates LLP now owns 67,131 shares of the business services provider's stock worth $11,574,000 after buying an additional 7,165 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its stake in Fiserv by 9.7% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 5,149 shares of the business services provider's stock worth $888,000 after buying an additional 455 shares during the last quarter. Institutional investors own 90.98% of the company's stock.

Fiserv Trading Down 2.5%

NYSE:FI opened at $122.85 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a 50-day moving average of $133.18 and a 200-day moving average of $161.97. The company has a market cap of $66.78 billion, a PE ratio of 20.51, a PEG ratio of 0.80 and a beta of 0.95. Fiserv, Inc. has a one year low of $122.62 and a one year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last posted 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%. As a group, equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analysts Set New Price Targets

FI has been the subject of a number of analyst reports. Jefferies Financial Group lowered their target price on shares of Fiserv from $140.00 to $130.00 and set a "hold" rating for the company in a research note on Monday, September 29th. Raymond James Financial set a $167.00 target price on shares of Fiserv and gave the stock an "outperform" rating in a research note on Friday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Fiserv in a research note on Wednesday. Wall Street Zen downgraded shares of Fiserv from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Stephens decreased their price target on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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