Cullen Frost Bankers Inc. Has $10.55 Million Stock Holdings in Fiserv, Inc. $FI

Cullen Frost Bankers Inc. grew its position in shares of Fiserv, Inc. (NYSE:FI) by 19.8% during the second quarter, HoldingsChannel.com reports. The firm owned 61,196 shares of the business services provider’s stock after purchasing an additional 10,102 shares during the period. Cullen Frost Bankers Inc.’s holdings in Fiserv were worth $10,551,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Sowell Financial Services LLC boosted its stake in shares of Fiserv by 9.7% during the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock valued at $610,000 after purchasing an additional 314 shares in the last quarter. Kathmere Capital Management LLC boosted its stake in shares of Fiserv by 7.7% during the second quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 106 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of Fiserv by 8.3% during the second quarter. Verdence Capital Advisors LLC now owns 40,454 shares of the business services provider’s stock valued at $6,975,000 after purchasing an additional 3,097 shares in the last quarter. Gotham Asset Management LLC boosted its stake in shares of Fiserv by 5.4% during the first quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider’s stock valued at $16,490,000 after purchasing an additional 3,809 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its position in shares of Fiserv by 249.9% during the second quarter. Stratos Wealth Partners LTD. now owns 15,793 shares of the business services provider’s stock worth $2,723,000 after acquiring an additional 11,279 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Trading Down 0.6%

NYSE FI opened at $125.31 on Thursday. The business has a 50 day simple moving average of $131.45 and a 200 day simple moving average of $157.14. Fiserv, Inc. has a one year low of $117.84 and a one year high of $238.59. The stock has a market capitalization of $68.12 billion, a P/E ratio of 20.92, a P/E/G ratio of 0.84 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 released its earnings results 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. Research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FI shares. TD Cowen lowered their price objective on Fiserv from $188.00 to $177.00 and set a “buy” rating for the company in a research report on Friday, October 17th. JPMorgan Chase & Co. lowered their price objective on Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. BTIG Research set a $180.00 price objective on Fiserv and gave the stock a “buy” rating in a research report on Friday, October 17th. Citigroup started coverage on Fiserv in a research report on Wednesday. They set a “neutral” rating and a $128.00 price objective for the company. Finally, Wells Fargo & Company set a $130.00 price objective on Fiserv and gave the stock an “equal weight” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and an average target price of $184.74.

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.