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Bey Douglas LLC Has $7.44 Million Stock Position in Fiserv, Inc. $FI

Fiserv logo with Business Services background

Key Points

  • Bey Douglas LLC increased its stake in Fiserv, Inc. by 33.7% during the 2nd quarter, owning approximately $7.44 million worth of shares, which represents about 4.5% of its total holdings.
  • Several institutional investors, including Vanguard Group and JPMorgan Chase, have also recently increased their stakes in Fiserv, contributing to a total institutional ownership of 90.98%.
  • Fiserv's current stock price is $122.85, down 2.5% recently, with a market cap of $66.78 billion and a consensus price target from analysts at $204.46.
  • Five stocks we like better than Fiserv.

Bey Douglas LLC lifted its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 33.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,174 shares of the business services provider's stock after acquiring an additional 10,891 shares during the quarter. Fiserv comprises approximately 4.5% of Bey Douglas LLC's holdings, making the stock its 8th largest position. Bey Douglas LLC's holdings in Fiserv were worth $7,444,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Fiserv by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock valued at $11,059,063,000 after purchasing an additional 535,407 shares during the period. JPMorgan Chase & Co. boosted its stake 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. Massachusetts Financial Services Co. MA boosted its stake in Fiserv by 3.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock valued at $1,829,451,000 after purchasing an additional 253,544 shares during the period. Nuveen LLC bought a new stake in Fiserv during the 1st quarter valued at approximately $1,722,584,000. Finally, Alliancebernstein L.P. boosted its stake in Fiserv by 5.3% during the 1st quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider's stock valued at $1,264,178,000 after purchasing an additional 287,420 shares during the period. Institutional investors own 90.98% of the company's stock.

Fiserv Trading Down 2.5%

Shares of FI opened at $122.85 on Friday. Fiserv, Inc. has a 1 year low of $122.62 and a 1 year 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 stock has a 50 day simple moving average of $133.18 and a 200-day simple moving average of $162.38. The stock has a market cap of $66.78 billion, a PE ratio of 20.51, a PEG ratio of 0.82 and a beta of 0.95.

Fiserv (NYSE:FI - Get Free Report) last issued its 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 during the quarter. On average, sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on FI. Deutsche Bank Aktiengesellschaft began coverage on Fiserv in a research note on Thursday, July 17th. They set a "buy" rating and a $200.00 target price for the company. JPMorgan Chase & Co. cut their price target on Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Mizuho cut their price target on Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, July 29th. UBS Group cut their price target on Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a report on Friday, July 25th. Finally, Wall Street Zen cut Fiserv from a "buy" rating to a "hold" rating in a report on Saturday. One 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $204.46.

Check Out Our Latest Stock Analysis on FI

About Fiserv

(Free Report)

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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Want to see what other hedge funds are holding FI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NYSE:FI - Free Report).

Institutional Ownership by Quarter for Fiserv (NYSE:FI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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