Fiserv, Inc. $FI Stock Holdings Increased by Acadian Asset Management LLC

Acadian Asset Management LLC raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1,478.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 290,019 shares of the business services provider’s stock after buying an additional 271,650 shares during the period. Acadian Asset Management LLC owned about 0.05% of Fiserv worth $49,995,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Fiserv by 1.1% during the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock valued at $11,059,063,000 after acquiring an additional 535,407 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Fiserv by 77.2% during the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock valued at $3,390,793,000 after buying an additional 6,691,703 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of 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 valued at $1,829,451,000 after buying an additional 253,544 shares in the last quarter. Nuveen LLC bought a new stake in shares of Fiserv in the 1st quarter valued at approximately $1,722,584,000. Finally, Alliancebernstein L.P. lifted its stake in shares of Fiserv by 5.3% in the 1st quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider’s stock valued at $1,264,178,000 after purchasing an additional 287,420 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reduced their price objective on shares of Fiserv from $170.00 to $92.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Seaport Res Ptn downgraded Fiserv from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Wells Fargo & Company raised Fiserv to a “hold” rating in a research report on Wednesday, October 22nd. Monness Crespi & Hardt raised shares of Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. Finally, The Goldman Sachs Group cut shares of Fiserv from a “buy” rating to a “neutral” rating and cut their target price for the company from $149.00 to $79.00 in a research note on Thursday, October 30th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Fiserv has a consensus rating of “Hold” and an average price target of $127.28.

Insiders Place Their Bets

In other Fiserv news, Director Lance M. Fritz purchased 10,000 shares of the stock in a transaction on Thursday, October 30th. The stock was bought at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the acquisition, the director directly owned 13,086 shares of the company’s stock, valued at $852,945.48. The trade was a 324.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.74% of the company’s stock.

Fiserv Price Performance

FI opened at $63.60 on Monday. The company’s 50 day simple moving average is $118.79 and its 200-day simple moving average is $145.73. The stock has a market capitalization of $34.21 billion, a P/E ratio of 9.83, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90. Fiserv, Inc. has a one year low of $60.95 and a one year high of $238.59. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09.

Fiserv (NYSE:FI) last announced 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 19.47% and a net margin of 17.05%.The firm had revenue of $4.32 billion during the quarter. Sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal 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.