Exencial Wealth Advisors LLC Takes Position in Fiserv, Inc. $FI

Exencial Wealth Advisors LLC acquired a new position in shares of Fiserv, Inc. (NYSE:FI) during the second quarter, HoldingsChannel reports. The firm acquired 3,076 shares of the business services provider’s stock, valued at approximately $530,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FI. Nuveen LLC acquired a new stake in shares of Fiserv in the 1st quarter valued at about $1,722,584,000. JPMorgan Chase & Co. grew its holdings in shares of Fiserv by 77.2% during the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock worth $3,390,793,000 after buying an additional 6,691,703 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Fiserv by 939.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock valued at $351,550,000 after buying an additional 1,842,784 shares during the last quarter. Swedbank AB raised its position in Fiserv by 366.0% in the 2nd quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock valued at $273,916,000 after buying an additional 1,247,801 shares during the last quarter. Finally, GQG Partners LLC bought a new stake in Fiserv in the 1st quarter valued at approximately $265,769,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Down 1.0%

Fiserv stock opened at $123.97 on Friday. 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 company’s 50-day moving average is $131.24 and its 200-day moving average is $156.63. The firm has a market capitalization of $67.39 billion, a PE ratio of 20.70, a P/E/G ratio of 0.83 and a beta of 0.95. Fiserv, Inc. has a fifty-two week low of $117.84 and a fifty-two week high of $238.59.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. The business had revenue of $4.32 billion during 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 earnings per share for the current year.

Analysts Set New Price Targets

FI has been the subject of several research reports. Susquehanna decreased their price target on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a research note on Thursday, July 24th. Morgan Stanley decreased their target price on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a research report on Monday, July 21st. Wall Street Zen cut shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. JPMorgan Chase & Co. reduced their price objective on shares of Fiserv from $190.00 to $155.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $145.00 target price on shares of Fiserv in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $183.44.

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.