Daymark Wealth Partners LLC Has $461,000 Position in Fiserv, Inc. $FI

Daymark Wealth Partners LLC grew its holdings in Fiserv, Inc. (NYSE:FI) by 33.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,674 shares of the business services provider’s stock after acquiring an additional 667 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Fiserv were worth $461,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. E Fund Management Co. Ltd. boosted its position in shares of Fiserv by 3.9% in the first quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock valued at $323,000 after acquiring an additional 55 shares during the period. SBI Securities Co. Ltd. boosted its position in shares of Fiserv by 6.4% in the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock valued at $206,000 after acquiring an additional 56 shares during the period. Pinnacle Associates Ltd. boosted its position in shares of Fiserv by 0.3% in the first quarter. Pinnacle Associates Ltd. now owns 16,794 shares of the business services provider’s stock valued at $3,709,000 after acquiring an additional 57 shares during the period. LaSalle St. Investment Advisors LLC boosted its position in shares of Fiserv by 5.1% in the first quarter. LaSalle St. Investment Advisors LLC now owns 1,273 shares of the business services provider’s stock valued at $281,000 after acquiring an additional 62 shares during the period. Finally, SageView Advisory Group LLC boosted its position in shares of Fiserv by 4.0% in the first quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock valued at $353,000 after acquiring an additional 62 shares during the period. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised shares of Fiserv to a “hold” rating in a research report on Wednesday, October 22nd. Susquehanna cut their price objective on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a research report on Thursday, July 24th. Stephens downgraded shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price objective on the stock. in a research note on Thursday. JPMorgan Chase & Co. reduced their price objective on shares of Fiserv from $155.00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Citigroup reduced their price objective on shares of Fiserv from $128.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $131.95.

Fiserv Stock Down 8.0%

FI stock opened at $64.96 on Friday. The stock has a market capitalization of $35.31 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 0.56 and a beta of 0.95. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. Fiserv, Inc. has a 12 month low of $64.52 and a 12 month high of $238.59. The firm has a 50-day moving average price of $127.66 and a 200-day moving average price of $152.79.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The firm had revenue of $4.32 billion during the quarter. As a group, equities research analysts anticipate that Fiserv, Inc. will post 10.23 EPS 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.