Crestwood Advisors Group LLC Has $117.63 Million Stock Holdings in Fiserv, Inc. $FI

Crestwood Advisors Group LLC lifted its holdings in Fiserv, Inc. (NYSE:FI) by 4.1% during the second quarter, HoldingsChannel reports. The firm owned 682,277 shares of the business services provider’s stock after purchasing an additional 26,832 shares during the period. Fiserv comprises 2.1% of Crestwood Advisors Group LLC’s investment portfolio, making the stock its 8th biggest position. Crestwood Advisors Group LLC’s holdings in Fiserv were worth $117,631,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sowell Financial Services LLC raised its position in shares of Fiserv by 9.7% during the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock valued at $610,000 after buying an additional 314 shares during the last quarter. Dillon & Associates Inc. increased its stake in Fiserv by 9.1% during the second quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock valued at $15,234,000 after acquiring an additional 7,419 shares during the period. Kathmere Capital Management LLC raised its holdings in Fiserv by 7.7% in the 2nd quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider’s stock valued at $257,000 after acquiring an additional 106 shares in the last quarter. Mendel Money Management bought a new stake in shares of Fiserv in the 2nd quarter worth approximately $1,409,000. Finally, Huntington National Bank grew its holdings in shares of Fiserv by 1.5% during the 2nd quarter. Huntington National Bank now owns 584,381 shares of the business services provider’s stock worth $100,753,000 after purchasing an additional 8,670 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Down 1.2%

Shares of FI stock opened at $64.34 on Wednesday. The company has a market capitalization of $34.97 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.56 and a beta of 0.95. Fiserv, Inc. has a 12-month low of $63.71 and a 12-month high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The firm has a 50-day moving average price of $123.28 and a 200 day moving average price of $148.91.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The company had revenue of $4.32 billion during the quarter. Research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of recent research reports. TD Cowen lowered Fiserv from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a research note on Thursday, October 30th. UBS Group set a $75.00 price objective on shares of Fiserv and gave the stock a “neutral” rating in a report on Thursday, October 30th. Zacks Research lowered shares of Fiserv from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. BTIG Research lowered shares of Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 29th. Finally, KeyCorp cut shares of Fiserv from an “overweight” rating to a “hold” rating in a research note on Thursday, October 30th. Eleven research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Fiserv presently has an average rating of “Hold” and a consensus target price of $131.95.

Insiders Place Their Bets

In other Fiserv news, Director Lance M. Fritz acquired 10,000 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was purchased at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the transaction, the director owned 13,086 shares in the company, valued at $852,945.48. This trade represents a 324.04% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.74% of the stock is owned by corporate insiders.

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.