Twin Tree Management LP Boosts Position in Fiserv, Inc. $FI

Twin Tree Management LP lifted its stake in shares of Fiserv, Inc. (NYSE:FI) by 83.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,690 shares of the business services provider’s stock after acquiring an additional 7,138 shares during the period. Twin Tree Management LP’s holdings in Fiserv were worth $2,705,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Activest Wealth Management raised its holdings in shares of Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after acquiring an additional 126 shares during the period. Hager Investment Management Services LLC purchased a new stake in Fiserv in the 2nd quarter valued at about $34,000. Christopher J. Hasenberg Inc raised its holdings in Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after buying an additional 142 shares during the period. Armstrong Advisory Group Inc. raised its holdings in Fiserv by 178.9% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after buying an additional 136 shares during the period. Finally, Abound Financial LLC purchased a new stake in Fiserv in the 1st quarter valued at about $38,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Fiserv in a report on Wednesday, October 8th. JPMorgan Chase & Co. cut their price target on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Barclays set a $175.00 price target on shares of Fiserv and gave the stock an “overweight” rating in a research note on Monday, July 28th. The Goldman Sachs Group cut their price target on shares of Fiserv from $192.00 to $149.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft set a $122.00 price target on shares of Fiserv in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $199.73.

Fiserv Stock Performance

Shares of Fiserv stock opened at $118.00 on Friday. Fiserv, Inc. has a one year low of $117.84 and a one year high of $238.59. The company has a market cap of $64.14 billion, a PE ratio of 19.70, a P/E/G ratio of 0.79 and a beta of 0.95. 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 business has a 50-day simple moving average of $132.14 and a 200-day simple moving average of $159.67.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 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. On average, equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS 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.