Fiserv, Inc. $FI Shares Purchased by DekaBank Deutsche Girozentrale

Key Points

• DekaBank Deutsche Girozentrale increased its stake in Fiserv, Inc. by 1.3%, owning 380,495 shares, valued at approximately $66,044,000.
• Institutional investors now hold 90.98% of Fiserv's stock, indicating strong interest and confidence from the investing community.
• Analysts have mixed opinions on Fiserv, with target prices ranging from $125.00 to $185.00, reflecting varying levels of confidence in the stock's future performance.

DekaBank Deutsche Girozentrale boosted its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 1.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 380,495 shares of the business services provider's stock after purchasing an additional 4,843 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.07% of Fiserv worth $66,044,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC increased its stake in shares of Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after buying an additional 2,033 shares during the period. Bison Wealth LLC lifted its stake in Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider's stock worth $472,000 after acquiring an additional 116 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Fiserv by 0.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 60,787 shares of the business services provider's stock worth $13,424,000 after acquiring an additional 478 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Fiserv by 6.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 4,319 shares of the business services provider's stock valued at $954,000 after purchasing an additional 249 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of Fiserv by 4.8% in the 1st quarter. Asset Management One Co. Ltd. now owns 238,418 shares of the business services provider's stock valued at $52,650,000 after purchasing an additional 11,007 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Trading Up 1.5%

FI opened at $126.05 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a 52 week low of $117.84 and a 52 week high of $238.59. The business's 50 day moving average is $131.63 and its two-hundred day moving average is $157.36. The firm has a market cap of $68.52 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company set a $130.00 price objective on shares of Fiserv in a research report on Tuesday. Monness Crespi & Hardt raised Fiserv from a "sell" rating to a "neutral" rating in a report on Monday, July 21st. Jefferies Financial Group cut their price target on Fiserv from $130.00 to $125.00 and set a "hold" rating on the stock in a research note on Monday, October 13th. Truist Financial upped their price objective on Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Finally, The Goldman Sachs Group dropped their price objective on Fiserv from $192.00 to $149.00 and set a "buy" rating on the stock in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Fiserv has a consensus rating of "Moderate Buy" and an average target price of $190.93.

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.

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.