Wilmington Savings Fund Society FSB Purchases 11,837 Shares of Fiserv, Inc. $FI

Wilmington Savings Fund Society FSB increased its position in Fiserv, Inc. (NYSE:FI) by 58.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 31,930 shares of the business services provider’s stock after buying an additional 11,837 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Fiserv were worth $5,505,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FI. Brighton Jones LLC boosted its holdings in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after buying an additional 2,033 shares during the period. Bison Wealth LLC boosted its holdings in Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after buying an additional 116 shares during the period. Ritholtz Wealth Management boosted its holdings in Fiserv by 35.7% in the 1st quarter. Ritholtz Wealth Management now owns 6,927 shares of the business services provider’s stock worth $1,530,000 after buying an additional 1,821 shares during the period. Sowell Financial Services LLC bought a new position in Fiserv in the 1st quarter worth $712,000. Finally, Grove Bank & Trust boosted its holdings in shares of Fiserv by 83.9% during the 1st quarter. Grove Bank & Trust now owns 697 shares of the business services provider’s stock valued at $154,000 after purchasing an additional 318 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 1.2%

Shares of NYSE:FI opened at $124.00 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a 12 month low of $121.40 and a 12 month high of $238.59. The company has a 50-day moving average price of $132.70 and a 200 day moving average price of $160.65. The company has a market cap of $67.40 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 0.80 and a beta of 0.95.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Morgan Stanley dropped their price objective on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a report on Monday, July 21st. JPMorgan Chase & Co. dropped their price objective on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Monness Crespi & Hardt raised shares of Fiserv from a “sell” rating to a “neutral” rating in a report on Monday, July 21st. KeyCorp dropped their price objective on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Finally, Jefferies Financial Group dropped their price objective on shares of Fiserv from $140.00 to $130.00 and set a “hold” rating for the company in a report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $202.73.

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.