Vanguard Personalized Indexing Management LLC Boosts Stake in Fiserv, Inc. $FI

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Fiserv, Inc. by 15.5% in Q2, owning a total of 75,254 shares valued at approximately $12.98 million.
• Several large investors, including JPMorgan Chase & Co. and Vanguard Group Inc., also boosted their positions in Fiserv, contributing to institutional investors controlling nearly 91% of the company's stock.
• Analysts maintain a consensus rating of "Moderate Buy" for Fiserv, with a consensus price target of $204.46, despite recent price adjustments from various firms.

Vanguard Personalized Indexing Management LLC grew its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 15.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,254 shares of the business services provider's stock after buying an additional 10,082 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Fiserv were worth $12,984,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Fiserv by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock worth $11,059,063,000 after purchasing an additional 535,407 shares during the period. JPMorgan Chase & Co. raised its position in 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 period. Massachusetts Financial Services Co. MA raised its position in Fiserv by 3.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock worth $1,829,451,000 after purchasing an additional 253,544 shares during the period. Nuveen LLC purchased a new position in Fiserv in the 1st quarter worth $1,722,584,000. Finally, Alliancebernstein L.P. raised its position in Fiserv by 5.3% in the 1st quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider's stock worth $1,264,178,000 after purchasing an additional 287,420 shares during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FI shares. Barclays set a $175.00 target price on shares of Fiserv and gave the stock an "overweight" rating in a research report on Monday, July 28th. Susquehanna decreased their price objective on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research report on Thursday, July 24th. Truist Financial boosted their price objective on shares of Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. 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. Finally, Robert W. Baird decreased their price objective on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating on the stock in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $204.46.

Fiserv Trading Down 2.5%

Shares of FI opened at $122.85 on Friday. The firm's 50-day moving average price is $133.18 and its 200-day moving average price is $161.97. The firm has a market capitalization of $66.78 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 0.80 and a beta of 0.95. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. 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 announced its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. The firm had revenue of $4.32 billion for the quarter. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. Sell-side analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current 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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