Tributary Capital Management LLC Raises Stock Holdings in Fiserv, Inc. $FI

Tributary Capital Management LLC increased its position in Fiserv, Inc. (NYSE:FI) by 9.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,880 shares of the business services provider’s stock after purchasing an additional 250 shares during the period. Tributary Capital Management LLC’s holdings in Fiserv were worth $497,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Freedom Investment Management Inc. grew its stake in Fiserv by 6.0% in the second quarter. Freedom Investment Management Inc. now owns 5,813 shares of the business services provider’s stock worth $1,002,000 after purchasing an additional 330 shares during the period. Ethic Inc. grew its stake in Fiserv by 3.6% in the second quarter. Ethic Inc. now owns 108,739 shares of the business services provider’s stock worth $18,739,000 after purchasing an additional 3,800 shares during the period. Caliber Wealth Management LLC KS grew its stake in Fiserv by 7.8% in the second quarter. Caliber Wealth Management LLC KS now owns 10,363 shares of the business services provider’s stock worth $1,787,000 after purchasing an additional 750 shares during the period. Adams Diversified Equity Fund Inc. purchased a new stake in Fiserv in the second quarter worth $11,431,000. Finally, Birch Hill Investment Advisors LLC grew its stake in Fiserv by 1.4% in the second quarter. Birch Hill Investment Advisors LLC now owns 539,914 shares of the business services provider’s stock worth $93,087,000 after purchasing an additional 7,446 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FI has been the topic of several recent research reports. Morgan Stanley reduced their price target on Fiserv from $268.00 to $266.00 and set an “overweight” rating on the stock in a research note on Monday, July 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Fiserv in a report on Wednesday, October 8th. Raymond James Financial set a $167.00 target price on Fiserv and gave the stock an “outperform” rating in a report on Friday, October 10th. UBS Group dropped their target price on Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, July 25th. Finally, Monness Crespi & Hardt raised Fiserv from a “sell” rating to a “neutral” rating in a report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $183.44.

Fiserv Trading Down 1.0%

Shares of NYSE:FI opened at $123.97 on Friday. The company has a market cap of $67.39 billion, a P/E ratio of 20.70, a PEG ratio of 0.83 and a beta of 0.95. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. Fiserv, Inc. has a 1 year low of $117.84 and a 1 year high of $238.59. The stock’s fifty day moving average price is $131.24 and its 200-day moving average price is $156.63.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. The firm had revenue of $4.32 billion for the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. Sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

About Fiserv

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.