WESPAC Advisors SoCal LLC Grows Stake in Fiserv, Inc. $FI

WESPAC Advisors SoCal LLC raised its stake in Fiserv, Inc. (NYSE:FI) by 96.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,316 shares of the business services provider’s stock after acquiring an additional 4,563 shares during the period. WESPAC Advisors SoCal LLC’s holdings in Fiserv were worth $1,606,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Sowell Financial Services LLC grew its stake in shares of Fiserv by 9.7% in the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock worth $610,000 after acquiring an additional 314 shares during the last quarter. Kathmere Capital Management LLC lifted its holdings in shares of Fiserv by 7.7% during the second quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 106 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of Fiserv by 8.3% during the second quarter. Verdence Capital Advisors LLC now owns 40,454 shares of the business services provider’s stock valued at $6,975,000 after purchasing an additional 3,097 shares in the last quarter. Gotham Asset Management LLC lifted its holdings in shares of Fiserv by 5.4% during the first quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider’s stock valued at $16,490,000 after purchasing an additional 3,809 shares in the last quarter. Finally, Deltec Asset Management LLC bought a new position in shares of Fiserv during the second quarter valued at $1,034,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Up 2.1%

FI stock opened at $124.17 on Tuesday. Fiserv, Inc. has a fifty-two week low of $117.84 and a fifty-two week high of $238.59. The business’s 50-day moving average is $131.76 and its two-hundred day moving average is $157.58. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap 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 (NYSE:FI) last posted its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The company had revenue of $4.32 billion for the quarter. As a group, analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on FI shares. Jefferies Financial Group lowered their price target on Fiserv from $130.00 to $125.00 and set a “hold” rating on the stock in a report on Monday, October 13th. BTIG Research set a $180.00 price target on Fiserv and gave the company a “buy” rating in a report on Friday. Stephens lowered their price target on Fiserv from $180.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, October 16th. The Goldman Sachs Group lowered their price target on Fiserv from $192.00 to $149.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Finally, Wall Street Zen downgraded Fiserv from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.