Cwm LLC Has $3.51 Million Stake in Fiserv, Inc. $FI

Key Points

• Cwm LLC has decreased its stake in Fiserv, Inc. by 9.6%, owning 20,367 shares valued at approximately $3.51 million as of the latest SEC filing.
• Several hedge funds, including Vanguard Group Inc. and JPMorgan Chase & Co., have increased their holdings in Fiserv during the first quarter, indicating a robust interest from institutional investors.
• Fiserv reported earnings of $1.91 per share with revenues of $4.32 billion in its last quarterly results and has an average target price of $199.00 based on analyst ratings.

Cwm LLC decreased its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 9.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 20,367 shares of the business services provider's stock after selling 2,154 shares during the period. Cwm LLC's holdings in Fiserv were worth $3,511,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of 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 acquiring an additional 535,407 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of 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 acquiring an additional 6,691,703 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of 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 acquiring an additional 253,544 shares during the last quarter. Nuveen LLC acquired a new position in shares of Fiserv during the 1st quarter valued at about $1,722,584,000. Finally, Alliancebernstein L.P. increased its holdings in shares of 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 acquiring an additional 287,420 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Stock Performance

FI opened at $121.78 on Friday. The stock has a market cap of $66.20 billion, a PE ratio of 20.33, a P/E/G ratio of 0.77 and a beta of 0.95. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a 1 year low of $117.84 and a 1 year high of $238.59. The stock's 50 day simple moving average is $131.92 and its 200-day simple moving average is $158.98.

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

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft set a $122.00 price target on Fiserv in a research report on Thursday. Mizuho dropped their price target on Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Fiserv in a research report on Wednesday, October 8th. Truist Financial lifted their price target on Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Finally, Barclays set a $175.00 price target on Fiserv and gave the stock an "overweight" rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $199.00.

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.

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).

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.