Belpointe Asset Management LLC Trims Holdings in Fiserv, Inc. $FI

Belpointe Asset Management LLC lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 21.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,442 shares of the business services provider’s stock after selling 682 shares during the period. Belpointe Asset Management LLC’s holdings in Fiserv were worth $421,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Rappaport Reiches Capital Management LLC increased its holdings in Fiserv by 3.9% during the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider’s stock valued at $282,000 after purchasing an additional 48 shares during the period. Adero Partners LLC grew its holdings in shares of Fiserv by 2.3% during the 1st quarter. Adero Partners LLC now owns 2,490 shares of the business services provider’s stock worth $550,000 after acquiring an additional 55 shares during the period. E Fund Management Co. Ltd. grew its holdings in shares of Fiserv by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock worth $323,000 after acquiring an additional 55 shares during the period. Oakworth Capital Inc. grew its holdings in shares of Fiserv by 5.6% during the 1st quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider’s stock worth $235,000 after acquiring an additional 56 shares during the period. Finally, SBI Securities Co. Ltd. grew its holdings in shares of Fiserv by 6.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock worth $206,000 after acquiring an additional 56 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FI. Weiss Ratings reiterated a “hold (c)” rating on shares of Fiserv in a report on Wednesday. KeyCorp reduced their target price on Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Truist Financial upped their price target on Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Robert W. Baird cut their price target on Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a research note on Thursday, July 24th. Finally, UBS Group cut their price target on Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and an average price target of $204.46.

Fiserv Stock Performance

FI stock opened at $122.85 on Friday. The stock has a market capitalization of $66.78 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95. Fiserv, Inc. has a 12-month low of $122.62 and a 12-month high of $238.59. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock’s 50 day simple moving average is $133.18 and its 200 day simple moving average is $162.38.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. The business 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%. As a group, research analysts forecast 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.