Fiserv, Inc. $FI Shares Bought by Verdence Capital Advisors LLC

Key Points

• Verdence Capital Advisors LLC increased its stake in Fiserv, Inc. by 8.3% during Q2, owning 40,454 shares valued at approximately $6.98 million.
• Key institutional investments include Nuveen LLC, which invested $1.72 billion, and JPMorgan Chase & Co., which boosted its holdings by 77.2%.
• Fiserv's stock has a current market cap of $66.78 billion with a recent price target from analysts ranging between $167.00 to $185.00, reflecting a consensus rating of "Moderate Buy".

Verdence Capital Advisors LLC raised its position in Fiserv, Inc. (NYSE:FI - Free Report) by 8.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 40,454 shares of the business services provider's stock after acquiring an additional 3,097 shares during the period. Verdence Capital Advisors LLC's holdings in Fiserv were worth $6,975,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Nuveen LLC acquired a new stake in Fiserv in the first quarter valued at about $1,722,584,000. JPMorgan Chase & Co. grew its holdings in Fiserv by 77.2% during 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 acquiring an additional 6,691,703 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Fiserv by 939.0% in the second quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider's stock valued at $351,550,000 after acquiring an additional 1,842,784 shares during the period. Swedbank AB boosted its position in shares of Fiserv by 366.0% during the 2nd quarter. Swedbank AB now owns 1,588,747 shares of the business services provider's stock worth $273,916,000 after purchasing an additional 1,247,801 shares in the last quarter. Finally, GQG Partners LLC purchased a new position in shares of Fiserv in the 1st quarter valued at about $265,769,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

NYSE:FI opened at $122.85 on Monday. 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 market cap of $66.78 billion, a PE ratio of 20.51, a P/E/G ratio of 0.80 and a beta of 0.95. The firm has a 50 day simple moving average of $133.18 and a 200-day simple moving average of $161.56. Fiserv, Inc. has a 1-year low of $122.62 and a 1-year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last released its 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. On average, equities analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Analysts Set New Price Targets

FI has been the subject of a number of research analyst reports. Raymond James Financial set a $167.00 target price on shares of Fiserv and gave the company an "outperform" rating in a report on Friday. Wall Street Zen downgraded Fiserv from a "buy" rating to a "hold" rating in a research note on Saturday. Truist Financial boosted their target price on Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Stephens dropped their price target on Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Finally, Morgan Stanley decreased their price objective on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $204.46.

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.

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