Fiserv, Inc. $FI Stock Position Boosted by Meridian Management Co.

Meridian Management Co. boosted its stake in Fiserv, Inc. (NYSE:FI) by 28.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,081 shares of the business services provider’s stock after buying an additional 4,010 shares during the period. Meridian Management Co.’s holdings in Fiserv were worth $3,117,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FI. Activest Wealth Management grew its position in Fiserv by 3,150.0% in the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after buying an additional 126 shares in the last quarter. Hager Investment Management Services LLC bought a new position in shares of Fiserv during the 2nd quarter valued at about $34,000. Christopher J. Hasenberg Inc boosted its position in shares of Fiserv by 218.5% during the 2nd 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 in the last quarter. Armstrong Advisory Group Inc. boosted its position in shares of Fiserv by 178.9% during the 2nd 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 in the last quarter. Finally, Abound Financial LLC bought a new position in shares of Fiserv during the 1st quarter valued at about $38,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of FI opened at $66.57 on Friday. Fiserv, Inc. has a one year low of $64.52 and a one year high of $238.59. The company has a 50-day moving average of $126.20 and a two-hundred day moving average of $151.35. The stock has a market cap of $36.19 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 0.56 and a beta of 0.95. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The company had revenue of $4.32 billion during the quarter. On average, equities research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Seaport Res Ptn lowered shares of Fiserv from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. BTIG Research lowered shares of Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday. Barclays set a $175.00 price objective on shares of Fiserv and gave the company an “overweight” rating in a research report on Monday, July 28th. Sanford C. Bernstein lowered shares of Fiserv from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $205.00 to $80.00 in a research report on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Fiserv from $155.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $131.95.

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.