Alta Capital Management LLC Boosts Stake in Fiserv, Inc. $FI

Key Points

• Alta Capital Management LLC has increased its stake in Fiserv, Inc. by 28.3%, now holding a total of 333,499 shares, making Fiserv the 9th largest position in its portfolio.
• Fiserv recently reported quarterly earnings of $1.91 per share with revenues totaling $4.32 billion, reflecting a 16.00% net margin.
• Analysts have mixed ratings on Fiserv, with an average target price of $202.73 and a majority recommending a Moderate Buy.

Alta Capital Management LLC increased its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 28.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 333,499 shares of the business services provider's stock after acquiring an additional 73,633 shares during the period. Fiserv makes up about 3.3% of Alta Capital Management LLC's holdings, making the stock its 9th biggest position. Alta Capital Management LLC owned 0.06% of Fiserv worth $57,499,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FI. Brighton Jones LLC increased its holdings in Fiserv by 91.9% during the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after acquiring an additional 2,033 shares during the period. Bison Wealth LLC increased its holdings in shares of Fiserv by 5.3% in the 4th 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. Sowell Financial Services LLC bought a new position in shares of Fiserv in the 1st quarter worth $712,000. Grove Bank & Trust increased its holdings in shares of Fiserv by 83.9% in the 1st quarter. Grove Bank & Trust now owns 697 shares of the business services provider's stock worth $154,000 after buying an additional 318 shares during the last quarter. Finally, NBT Bank N A NY increased its holdings in shares of Fiserv by 8.3% in the 1st quarter. NBT Bank N A NY now owns 8,284 shares of the business services provider's stock worth $1,829,000 after buying an additional 635 shares during the last quarter. Institutional investors own 90.98% of the company's stock.

Fiserv Trading Down 2.6%

Shares of FI opened at $120.83 on Thursday. The stock has a market capitalization of $65.68 billion, a P/E ratio of 20.17, a PEG ratio of 0.81 and a beta of 0.95. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The firm has a fifty day simple moving average of $132.44 and a two-hundred day simple moving average of $160.38. Fiserv, Inc. has a twelve month low of $120.79 and a twelve month high of $238.59.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Barclays set a $175.00 price target on shares of Fiserv and gave the stock an "overweight" rating in a report on Monday, July 28th. Jefferies Financial Group decreased their price target on shares of Fiserv from $140.00 to $130.00 and set a "hold" rating on the stock in a report on Monday, September 29th. Monness Crespi & Hardt raised shares of Fiserv from a "sell" rating to a "neutral" rating in a research note on Monday, July 21st. UBS Group cut their price objective on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, July 25th. Finally, Robert W. Baird cut their price objective on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $202.73.

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.

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