Analyst IMS Investment Management Services Ltd. Acquires 1,900 Shares of Fiserv, Inc. $FI

Analyst IMS Investment Management Services Ltd. grew its stake in Fiserv, Inc. (NYSE:FI) by 14.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,670 shares of the business services provider’s stock after purchasing an additional 1,900 shares during the quarter. Analyst IMS Investment Management Services Ltd.’s holdings in Fiserv were worth $2,530,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in FI. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Fiserv by 619,900.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 310,000 shares of the business services provider’s stock valued at $53,447,000 after buying an additional 309,950 shares during the period. Mendel Money Management bought a new stake in shares of Fiserv in the 2nd quarter valued at about $1,409,000. Redmond Asset Management LLC raised its position in shares of Fiserv by 2.0% in the 2nd quarter. Redmond Asset Management LLC now owns 45,030 shares of the business services provider’s stock valued at $7,764,000 after acquiring an additional 904 shares during the period. Integral Investment Advisors Inc. raised its position in shares of Fiserv by 1.1% in the 2nd quarter. Integral Investment Advisors Inc. now owns 8,405 shares of the business services provider’s stock valued at $1,449,000 after acquiring an additional 90 shares during the period. Finally, Howard Capital Management Inc. raised its position in shares of Fiserv by 22.0% in the 2nd quarter. Howard Capital Management Inc. now owns 4,248 shares of the business services provider’s stock valued at $732,000 after acquiring an additional 765 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FI. Wall Street Zen downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Deutsche Bank Aktiengesellschaft set a $122.00 price target on shares of Fiserv in a research report on Thursday, October 16th. Stephens cut their price target on shares of Fiserv from $180.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, October 16th. Mizuho set a $145.00 price target on shares of Fiserv and gave the company an “outperform” rating in a research report on Tuesday. Finally, Citigroup upgraded shares of Fiserv to a “hold” rating in a research report on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $181.15.

Fiserv Price Performance

NYSE FI opened at $126.46 on Wednesday. The business has a 50 day simple moving average of $130.55 and a 200 day simple moving average of $154.36. Fiserv, Inc. has a 52-week low of $117.84 and a 52-week high of $238.59. 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 stock has a market cap of $68.74 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 0.84 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 (EPS) for the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The business had revenue of $4.32 billion during the quarter. Analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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.