Harbour Investments Inc. Purchases 310 Shares of Fiserv, Inc. $FI

Harbour Investments Inc. grew its position in shares of Fiserv, Inc. (NYSE:FI) by 2.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,013 shares of the business services provider’s stock after buying an additional 310 shares during the quarter. Harbour Investments Inc.’s holdings in Fiserv were worth $2,071,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in FI. Activest Wealth Management grew its stake in Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after buying an additional 126 shares during the last quarter. Hager Investment Management Services LLC bought a new stake in shares of Fiserv during the second quarter valued at approximately $34,000. Christopher J. Hasenberg Inc grew its stake in shares of Fiserv by 218.5% during the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. grew its stake in shares of Fiserv by 178.9% during the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 136 shares during the last quarter. Finally, Abound Financial LLC bought a new stake in shares of Fiserv during the first quarter valued at approximately $38,000. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Down 2.6%

Shares of NYSE FI opened at $118.00 on Friday. The company’s 50 day simple moving average is $132.14 and its 200 day simple moving average is $159.67. Fiserv, Inc. has a fifty-two week low of $117.84 and a fifty-two week high of $238.59. The firm has a market capitalization of $64.14 billion, a P/E 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 current ratio of 1.09 and a quick ratio of 1.09.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on FI. UBS Group decreased their price target on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, July 25th. Wall Street Zen cut shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Monness Crespi & Hardt raised shares of Fiserv from a “sell” rating to a “neutral” rating in a research note on Monday, July 21st. JPMorgan Chase & Co. decreased 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. Finally, Raymond James Financial set a $167.00 price objective on shares of Fiserv and gave the company an “outperform” rating in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $199.73.

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.