Generali Asset Management SPA SGR Cuts Stock Holdings in Fiserv, Inc. $FI

Key Points

• Generali Asset Management SPA SGR reduced its holdings in Fiserv, Inc. by 7.4% in the 2nd quarter, owning 59,588 shares worth approximately $10.27 million after selling 4,741 shares.
• Several institutional investors, including Activest Wealth Management and Hager Investment Management Services, have recently adjusted their stakes in Fiserv, contributing to 90.98% of the company's stock being held by institutional investors.
• Recent analyst reports have downgraded Fiserv's ratings, with Wall Street Zen changing its recommendation from "buy" to "hold" and several firms lowering their target prices significantly.

Generali Asset Management SPA SGR reduced its position in Fiserv, Inc. (NYSE:FI - Free Report) by 7.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,588 shares of the business services provider's stock after selling 4,741 shares during the period. Generali Asset Management SPA SGR's holdings in Fiserv were worth $10,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FI. Activest Wealth Management increased its stake in shares of Fiserv by 3,150.0% in the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock valued at $29,000 after purchasing an additional 126 shares in the last quarter. Hager Investment Management Services LLC acquired a new stake in Fiserv in the second quarter valued at approximately $34,000. Christopher J. Hasenberg Inc increased its position in shares of Fiserv by 218.5% in the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider's stock valued at $36,000 after buying an additional 142 shares in the last quarter. Armstrong Advisory Group Inc. increased its position in shares of Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider's stock valued at $37,000 after buying an additional 136 shares in the last quarter. Finally, Abound Financial LLC acquired a new position in shares of Fiserv during the 1st quarter worth approximately $38,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on FI. Wall Street Zen cut shares of Fiserv from a "buy" rating to a "hold" rating in a research note on Saturday. Raymond James Financial set a $167.00 price objective on shares of Fiserv and gave the company an "outperform" rating in a report on Friday. Stephens dropped their target price on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. JPMorgan Chase & Co. cut their target price on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Finally, Jefferies Financial Group decreased their price target on shares of Fiserv from $140.00 to $130.00 and set a "hold" rating on the stock in a research note on Monday, September 29th. One equities 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $202.73.

Fiserv Price Performance

Shares of NYSE FI opened at $124.00 on Wednesday. The stock has a market capitalization of $67.40 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 0.80 and a beta of 0.95. Fiserv, Inc. has a 52 week low of $121.40 and a 52 week high of $238.59. The firm has a 50-day simple moving average of $132.70 and a 200-day simple moving average of $160.65. 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 (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 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. On average, equities analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal 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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