Fiserv, Inc. $FI Stock Position Lifted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 31.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 382,625 shares of the business services provider's stock after buying an additional 92,501 shares during the period. Allspring Global Investments Holdings LLC owned about 0.07% of Fiserv worth $66,072,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Nuveen LLC bought a new stake in shares of Fiserv in the 1st quarter worth approximately $1,722,584,000. JPMorgan Chase & Co. lifted its holdings in shares of Fiserv by 77.2% in the 1st 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 last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Fiserv by 939.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider's stock worth $351,550,000 after purchasing an additional 1,842,784 shares during the last quarter. Swedbank AB lifted its holdings in shares of Fiserv by 366.0% in 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 during the last quarter. Finally, GQG Partners LLC bought a new stake in shares of Fiserv in the 1st quarter worth approximately $265,769,000. Institutional investors own 90.98% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on FI. UBS Group cut their price target on Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, July 25th. JPMorgan Chase & Co. lowered their target price on Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. KeyCorp lowered their target price on Fiserv from $250.00 to $200.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Weiss Ratings restated a "hold (c)" rating on shares of Fiserv in a research report on Wednesday, October 8th. Finally, Morgan Stanley lowered their target price on Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $202.73.

Fiserv Stock Up 1.2%

Shares of FI stock opened at $124.00 on Wednesday. Fiserv, Inc. has a 1 year low of $121.40 and a 1 year high of $238.59. The stock has a market cap of $67.40 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 0.80 and a beta of 0.95. The business's fifty day moving average is $132.70 and its 200-day moving average is $160.65. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly 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 company had revenue of $4.32 billion for the quarter. Equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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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