Equitable Trust Co. Buys 5,313 Shares of Fiserv, Inc. $FI

Equitable Trust Co. grew its stake in Fiserv, Inc. (NYSE:FI) by 52.1% during the second quarter, Holdings Channel.com reports. The fund owned 15,504 shares of the business services provider’s stock after purchasing an additional 5,313 shares during the quarter. Equitable Trust Co.’s holdings in Fiserv were worth $2,673,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wilmington Savings Fund Society FSB boosted its stake in shares of Fiserv by 58.9% during the second quarter. Wilmington Savings Fund Society FSB now owns 31,930 shares of the business services provider’s stock valued at $5,505,000 after purchasing an additional 11,837 shares in the last quarter. Kiker Wealth Management LLC boosted its stake in shares of Fiserv by 47.1% during the second quarter. Kiker Wealth Management LLC now owns 1,106 shares of the business services provider’s stock valued at $191,000 after purchasing an additional 354 shares in the last quarter. RFG Advisory LLC boosted its stake in shares of Fiserv by 14.0% during the second quarter. RFG Advisory LLC now owns 1,422 shares of the business services provider’s stock valued at $245,000 after purchasing an additional 175 shares in the last quarter. Moran Wealth Management LLC boosted its stake in shares of Fiserv by 2.1% during the second quarter. Moran Wealth Management LLC now owns 44,350 shares of the business services provider’s stock valued at $7,646,000 after purchasing an additional 922 shares in the last quarter. Finally, Community Bank N.A. bought a new position in shares of Fiserv during the second quarter valued at approximately $998,000. 90.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Barclays set a $175.00 price objective on shares of Fiserv and gave the company an “overweight” rating in a research note on Monday, July 28th. Morgan Stanley dropped their price objective on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating on the stock in a research note on Monday, July 21st. Raymond James Financial set a $167.00 target price on shares of Fiserv and gave the company an “outperform” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fiserv in a research report on Thursday, July 17th. They set a “buy” rating and a $200.00 target price for the company. Finally, The Goldman Sachs Group decreased their target price on shares of Fiserv from $192.00 to $149.00 and set a “buy” rating for the company in a research report on Monday. One research 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $202.73.

Fiserv Trading Up 1.2%

NYSE:FI opened at $124.00 on Wednesday. The firm has a 50 day moving average of $132.70 and a 200 day moving average of $160.65. The stock has a market capitalization of $67.40 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 0.80 and a beta of 0.95. Fiserv, Inc. has a 52 week low of $121.40 and a 52 week high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI) last posted its quarterly 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%. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal 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.