Mutual of America Capital Management LLC Cuts Stock Position in Fiserv, Inc. $FI

Key Points

• Mutual of America Capital Management LLC reduced its shares in Fiserv, Inc. by 3.9% during Q2, holding 63,586 shares valued at approximately $10.96 million as of its latest SEC filing.
• Several hedge funds recently altered their positions in Fiserv, with Sowell Financial Services LLC increasing its stake by 9.7% and Verdence Capital Advisors LLC by 8.3% in the same quarter.
• Analysts are mixed on Fiserv's outlook, with price targets from firms like Mizuho and Jefferies being lowered, alongside an average rating of "Moderate Buy" and an average target price of $196.11.

Mutual of America Capital Management LLC cut its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 3.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,586 shares of the business services provider's stock after selling 2,578 shares during the quarter. Mutual of America Capital Management LLC's holdings in Fiserv were worth $10,963,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FI. Sowell Financial Services LLC boosted its stake in Fiserv by 9.7% in the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider's stock worth $610,000 after purchasing an additional 314 shares during the period. Kathmere Capital Management LLC lifted its holdings in shares of Fiserv by 7.7% in the second quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider's stock worth $257,000 after buying an additional 106 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in shares of Fiserv by 8.3% during the second quarter. Verdence Capital Advisors LLC now owns 40,454 shares of the business services provider's stock worth $6,975,000 after acquiring an additional 3,097 shares during the last quarter. Gotham Asset Management LLC grew its stake in Fiserv by 5.4% during the first quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider's stock valued at $16,490,000 after acquiring an additional 3,809 shares in the last quarter. Finally, Deltec Asset Management LLC purchased a new position in Fiserv during the second quarter valued at $1,034,000. Institutional investors own 90.98% of the company's stock.

Analyst Ratings Changes

FI has been the subject of several research reports. Mizuho dropped their price objective on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, July 29th. Jefferies Financial Group decreased their target price on shares of Fiserv from $130.00 to $125.00 and set a "hold" rating on the stock in a research report on Monday, October 13th. TD Cowen lowered their price target on shares of Fiserv from $188.00 to $177.00 and set a "buy" rating for the company in a report on Friday. Robert W. Baird reduced their price objective on Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a research note on Thursday, July 24th. Finally, Susquehanna decreased their price objective on Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $196.11.

Fiserv Stock Performance

Fiserv stock opened at $121.78 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 capitalization of $66.20 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 0.79 and a beta of 0.95. Fiserv, Inc. has a 1-year low of $117.84 and a 1-year high of $238.59. The company's 50-day moving average is $131.92 and its 200 day moving average is $158.10.

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 return on equity of 19.69% and a net margin of 16.00%.The firm had revenue of $4.32 billion for the quarter. Research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

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.

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