Cadinha & Co. LLC Reduces Stock Holdings in Fiserv, Inc. $FI

Key Points

• Cadinha & Co. LLC significantly reduced its stake in Fiserv, Inc. by 97.2% in the second quarter, leaving it with only 2,440 shares valued at $421,000.
• Institutional investors collectively own approximately 90.98% of Fiserv's stock, indicating strong interest from major financial institutions.
• Recent analyst ratings present a mixed outlook for Fiserv, with target prices ranging from $165.00 to $185.00 and an average consensus rating of "Moderate Buy."

Cadinha & Co. LLC cut its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 97.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,440 shares of the business services provider's stock after selling 85,985 shares during the quarter. Cadinha & Co. LLC's holdings in Fiserv were worth $421,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Fiserv by 1.1% during the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock valued at $11,059,063,000 after buying an additional 535,407 shares during the period. JPMorgan Chase & Co. grew its holdings in Fiserv by 77.2% in the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock worth $3,390,793,000 after purchasing an additional 6,691,703 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Fiserv by 3.2% during the first 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 last quarter. Nuveen LLC bought a new stake in shares of Fiserv in the 1st quarter worth approximately $1,722,584,000. Finally, Alliancebernstein L.P. grew its stake in shares of Fiserv by 5.3% in the 1st quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider's stock worth $1,264,178,000 after buying an additional 287,420 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on FI. Truist Financial raised their price target on Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Mizuho decreased their target price on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, July 29th. UBS Group reduced their price target on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, July 25th. Wells Fargo & Company raised Fiserv to a "hold" rating in a research report on Wednesday. Finally, Barclays set a $175.00 target price on Fiserv and gave the stock an "overweight" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $184.74.

Fiserv Stock Down 0.6%

FI stock opened at $125.37 on Thursday. The company has a market cap of $68.15 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 0.84 and a beta of 0.95. 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 business's 50-day moving average is $131.45 and its two-hundred day moving average is $157.14. Fiserv, Inc. has a fifty-two week low of $117.84 and a fifty-two week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm had revenue of $4.32 billion during the quarter. As a group, analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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.

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