Fiserv, Inc. $FI Stock Position Increased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC lifted its position in Fiserv, Inc. (NYSE:FI) by 31.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,005 shares of the business services provider’s stock after buying an additional 474 shares during the period. Chicago Partners Investment Group LLC’s holdings in Fiserv were worth $346,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Palmer Knight Co raised its stake in shares of Fiserv by 5.1% in the 2nd quarter. Palmer Knight Co now owns 50,186 shares of the business services provider’s stock worth $8,653,000 after buying an additional 2,445 shares in the last quarter. 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 purchasing an additional 11,279 shares during the period. Angeles Wealth Management LLC raised its position in shares of Fiserv by 3.5% during the second quarter. Angeles Wealth Management LLC now owns 3,341 shares of the business services provider’s stock worth $576,000 after purchasing an additional 114 shares during the period. Smithbridge Asset Management Inc. DE raised its position in shares of Fiserv by 1.0% during the second quarter. Smithbridge Asset Management Inc. DE now owns 49,602 shares of the business services provider’s stock worth $8,552,000 after purchasing an additional 471 shares during the period. Finally, Nordea Investment Management AB raised its position in shares of Fiserv by 12.1% during the second quarter. Nordea Investment Management AB now owns 1,925,448 shares of the business services provider’s stock worth $329,386,000 after purchasing an additional 208,064 shares during the period. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Citigroup assumed coverage on Fiserv in a research report on Wednesday. They set a “neutral” rating and a $128.00 target price on the stock. Robert W. Baird cut their target price on Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a research report on Thursday, July 24th. Truist Financial boosted their target price on Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. UBS Group cut their target price on Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, July 25th. Finally, Raymond James Financial set a $167.00 price target on Fiserv and gave the company an “outperform” rating in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.44.

Fiserv Stock Performance

Shares of NYSE FI opened at $123.97 on Friday. The business’s 50-day moving average price is $131.24 and its two-hundred day moving average price is $156.63. 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, Inc. has a one year low of $117.84 and a one year high of $238.59. The company has a market capitalization of $67.39 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95.

Fiserv (NYSE:FI) last issued 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 firm had revenue of $4.32 billion for the quarter. Analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share 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.