Fiserv, Inc. $FI Shares Bought by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC lifted its position in shares of Fiserv, Inc. (NYSE:FI) by 8.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 40,454 shares of the business services provider’s stock after purchasing an additional 3,097 shares during the period. Verdence Capital Advisors LLC’s holdings in Fiserv were worth $6,975,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FI. Activest Wealth Management boosted its position in shares of Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after buying an additional 126 shares during the period. Hager Investment Management Services LLC purchased a new stake in shares of Fiserv during the second quarter valued at approximately $34,000. Christopher J. Hasenberg Inc boosted its stake in Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. grew its holdings in Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after acquiring an additional 136 shares in the last quarter. Finally, Abound Financial LLC bought a new stake in shares of Fiserv in the 1st quarter worth about $38,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

Shares of FI opened at $122.85 on Monday. The firm has a market capitalization of $66.78 billion, a PE ratio of 20.51, a P/E/G ratio of 0.80 and a beta of 0.95. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average price of $133.18 and a 200 day moving average price of $161.56. Fiserv, Inc. has a 52-week low of $122.62 and a 52-week high of $238.59.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. The company 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%. On average, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FI has been the topic of several research analyst reports. Mizuho reduced their price target on shares of Fiserv from $194.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 29th. Robert W. Baird decreased their target price on Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. Barclays set a $175.00 target price on Fiserv and gave the company an “overweight” rating in a research note on Monday, July 28th. Stephens dropped their price target on Fiserv from $240.00 to $180.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Finally, Raymond James Financial set a $167.00 price target on Fiserv and gave the stock an “outperform” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $204.46.

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.