Apollon Wealth Management LLC Has $6.18 Million Stake in Fiserv, Inc. $FI

Key Points

• Apollon Wealth Management LLC reduced its stake in Fiserv, Inc. by 50.8%, holding $6.18 million worth of shares following the sale of 37,061 shares in the second quarter.
• Several analysts have adjusted their target prices for Fiserv, with KeyCorp and JPMorgan Chase lowering their targets significantly to $200.00 and $190.00 respectively, while maintaining their "overweight" ratings on the stock.
• Fiserv's market performance includes a PE ratio of 20.51 and a market cap of $66.78 billion, with a consensus analyst rating of "Moderate Buy" and an average target price of $204.46.

Apollon Wealth Management LLC lessened its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 50.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,824 shares of the business services provider's stock after selling 37,061 shares during the period. Apollon Wealth Management LLC's holdings in Fiserv were worth $6,176,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Sowell Financial Services LLC increased its stake 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 valued at $610,000 after purchasing an additional 314 shares in the last quarter. Kathmere Capital Management LLC increased its stake in Fiserv by 7.7% during the 2nd 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. Gotham Asset Management LLC increased its stake in Fiserv by 5.4% during the 1st 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. Deltec Asset Management LLC bought a new stake in Fiserv during the 2nd quarter valued at $1,034,000. Finally, Jacobs & Co. CA increased its stake in Fiserv by 26.5% during the 2nd quarter. Jacobs & Co. CA now owns 53,993 shares of the business services provider's stock valued at $9,308,000 after purchasing an additional 11,322 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. KeyCorp reduced their target price on shares of Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. JPMorgan Chase & Co. reduced their target price on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Raymond James Financial set a $167.00 target price on shares of Fiserv and gave the stock an "outperform" rating in a research note on Friday. Truist Financial upped their target price on shares of Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Finally, Jefferies Financial Group reduced their target price on shares of Fiserv from $140.00 to $130.00 and set a "hold" rating for the company in a research note on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $204.46.

Fiserv Price Performance

NYSE FI opened at $122.85 on Friday. The company has a market cap of $66.78 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 0.80 and a beta of 0.95. Fiserv, Inc. has a 52 week low of $122.62 and a 52 week high of $238.59. 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's 50-day simple moving average is $133.18 and its two-hundred day simple moving average is $161.97.

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

Fiserv 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.

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