Koshinski Asset Management Inc. Sells 1,695 Shares of Fiserv, Inc. $FI

Koshinski Asset Management Inc. cut its holdings in Fiserv, Inc. (NYSE:FI) by 17.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,929 shares of the business services provider’s stock after selling 1,695 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Fiserv were worth $1,367,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Brighton Jones LLC grew its stake in shares of Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after purchasing an additional 2,033 shares during the period. Bison Wealth LLC boosted its holdings in Fiserv by 5.3% during the fourth 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 last quarter. Johnson Investment Counsel Inc. grew its position in shares of Fiserv by 0.9% during the 1st quarter. Johnson Investment Counsel Inc. now owns 9,896 shares of the business services provider’s stock worth $2,185,000 after buying an additional 85 shares during the period. Aspire Private Capital LLC increased its stake in shares of Fiserv by 5.0% in the 1st quarter. Aspire Private Capital LLC now owns 4,101 shares of the business services provider’s stock valued at $906,000 after acquiring an additional 196 shares during the last quarter. Finally, Suncoast Equity Management raised its position in shares of Fiserv by 1.8% in the 1st quarter. Suncoast Equity Management now owns 217,273 shares of the business services provider’s stock valued at $47,980,000 after acquiring an additional 3,923 shares during the period. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

FI stock opened at $121.78 on Friday. The stock has a 50-day moving average price of $131.92 and a two-hundred day moving average price of $158.51. Fiserv, Inc. has a 1 year low of $117.84 and a 1 year high of $238.59. The stock has a market cap of $66.20 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 0.79 and a beta of 0.95. 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 (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. The company had revenue of $4.32 billion during the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. Equities analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FI. TD Cowen decreased their price objective on shares of Fiserv from $188.00 to $177.00 and set a “buy” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft set a $122.00 price objective on shares of Fiserv in a research report on Thursday. Monness Crespi & Hardt upgraded Fiserv from a “sell” rating to a “neutral” rating in a report on Monday, July 21st. Wall Street Zen cut Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Finally, Truist Financial raised their price target on Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have assigned 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 $196.11.

Fiserv 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.