Howard Capital Management Inc. Purchases 765 Shares of Fiserv, Inc. $FI

Howard Capital Management Inc. grew its position in shares of Fiserv, Inc. (NYSE:FI) by 22.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,248 shares of the business services provider’s stock after buying an additional 765 shares during the quarter. Howard Capital Management Inc.’s holdings in Fiserv were worth $732,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of FI. Sowell Financial Services LLC lifted its position in Fiserv by 9.7% during the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock worth $610,000 after buying an additional 314 shares in the last quarter. Kathmere Capital Management LLC raised its stake in shares of Fiserv by 7.7% in the second quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider’s stock worth $257,000 after acquiring an additional 106 shares during the last quarter. Verdence Capital Advisors LLC lifted its position 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 worth $6,975,000 after purchasing an additional 3,097 shares in the last quarter. Gotham Asset Management LLC grew 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 during the last quarter. Finally, Stratos Wealth Partners LTD. increased its holdings in shares of Fiserv by 249.9% in the second quarter. Stratos Wealth Partners LTD. now owns 15,793 shares of the business services provider’s stock valued at $2,723,000 after purchasing an additional 11,279 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Fiserv stock opened at $70.68 on Thursday. The firm has a market capitalization of $38.42 billion, a P/E ratio of 11.80, a PEG ratio of 0.84 and a beta of 0.95. The business has a 50-day moving average of $129.16 and a 200-day moving average of $153.40. 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, Inc. has a 1 year low of $66.58 and a 1 year high of $238.59.

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

Analysts Set New Price Targets

Several research analysts have issued reports on FI shares. Deutsche Bank Aktiengesellschaft set a $122.00 price objective on Fiserv in a report on Thursday, October 16th. TD Cowen cut their price target on Fiserv from $188.00 to $177.00 and set a “buy” rating on the stock in a research note on Friday, October 17th. Compass Point lowered Fiserv to a “neutral” rating and set a $127.50 price objective for the company. in a research report on Wednesday. KeyCorp reissued an “overweight” rating and set a $145.00 price objective on shares of Fiserv in a report on Wednesday, October 22nd. Finally, Monness Crespi & Hardt raised shares of Fiserv from a “sell” rating to a “neutral” rating in a research note on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $175.57.

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.