Journey Advisory Group LLC Decreases Stock Holdings in Fiserv, Inc. $FI

Journey Advisory Group LLC decreased its holdings in Fiserv, Inc. (NYSE:FI) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,576 shares of the business services provider’s stock after selling 118 shares during the quarter. Journey Advisory Group LLC’s holdings in Fiserv were worth $789,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FI. E Fund Management Co. Ltd. increased its position in shares of Fiserv by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock valued at $323,000 after purchasing an additional 55 shares during the last quarter. Oakworth Capital Inc. increased its position in shares of Fiserv by 5.6% during the 1st quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider’s stock valued at $235,000 after purchasing an additional 56 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of Fiserv by 6.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock valued at $206,000 after purchasing an additional 56 shares during the last quarter. Pinnacle Associates Ltd. increased its position in shares of Fiserv by 0.3% during the 1st quarter. Pinnacle Associates Ltd. now owns 16,794 shares of the business services provider’s stock valued at $3,709,000 after purchasing an additional 57 shares during the last quarter. Finally, PDS Planning Inc increased its position in shares of Fiserv by 1.7% during the 1st quarter. PDS Planning Inc now owns 3,421 shares of the business services provider’s stock valued at $755,000 after purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 2.1%

Fiserv stock opened at $124.17 on Tuesday. The firm has a 50 day moving average of $131.76 and a 200 day moving average of $157.58. The firm has a market capitalization of $67.50 billion, a price-to-earnings ratio of 20.73, a P/E/G ratio of 0.79 and a beta of 0.95. Fiserv, Inc. has a 12-month low of $117.84 and a 12-month high of $238.59. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The company had revenue of $4.32 billion during the quarter. As a group, research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

FI has been the subject of several research reports. Truist Financial upped their price target on shares of Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Monness Crespi & Hardt raised shares of Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. Robert W. Baird reduced their price target on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. Stephens reduced their price target on shares of Fiserv from $180.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, October 16th. Finally, Morgan Stanley reduced their target price on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.11.

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.