Chevy Chase Trust Holdings LLC Sells 9,984 Shares of Fiserv, Inc. (NYSE:FI)

Chevy Chase Trust Holdings LLC cut its holdings in shares of Fiserv, Inc. (NYSE:FI) by 3.2% during the fourth quarter, Holdings Channel reports. The fund owned 298,987 shares of the business services provider’s stock after selling 9,984 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Fiserv were worth $61,418,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of FI. Creative Planning grew its position in Fiserv by 4.7% during the 3rd quarter. Creative Planning now owns 148,405 shares of the business services provider’s stock worth $26,661,000 after acquiring an additional 6,649 shares during the last quarter. SeaCrest Wealth Management LLC lifted its holdings in Fiserv by 13.8% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 1,715 shares of the business services provider’s stock worth $308,000 after buying an additional 208 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in Fiserv by 0.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 40,676 shares of the business services provider’s stock worth $7,307,000 after buying an additional 170 shares in the last quarter. Wolff Wiese Magana LLC lifted its holdings in Fiserv by 904.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 251 shares of the business services provider’s stock worth $45,000 after buying an additional 226 shares in the last quarter. Finally, AAFMAA Wealth Management & Trust LLC lifted its holdings in Fiserv by 5.1% during the 3rd quarter. AAFMAA Wealth Management & Trust LLC now owns 8,024 shares of the business services provider’s stock worth $1,442,000 after buying an additional 389 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Performance

FI opened at $229.93 on Friday. The business’s 50-day moving average price is $209.78 and its two-hundred day moving average price is $195.00. Fiserv, Inc. has a 1 year low of $142.98 and a 1 year high of $233.26. The company has a market capitalization of $130.81 billion, a price-to-earnings ratio of 42.66, a P/E/G ratio of 1.52 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Equities analysts expect that Fiserv, Inc. will post 10.22 EPS for the current fiscal year.

Analysts Set New Price Targets

FI has been the topic of several research reports. Jefferies Financial Group upped their price objective on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. UBS Group raised their price target on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. KeyCorp raised their price target on Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. TD Cowen raised their price target on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group raised their price target on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Fiserv has an average rating of “Buy” and an average target price of $239.83.

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.