D.A. Davidson & CO. Has $27.12 Million Stock Holdings in Fiserv, Inc. $FI

Key Points

• D.A. Davidson & CO. reduced its stake in Fiserv, Inc. by 3.9%, holding 157,309 shares worth approximately $27.12 million after selling 6,355 shares in Q2.
• Institutional investors own 90.98% of Fiserv's stock, with several hedge funds significantly increasing their stakes during the quarter.
• Fiserv's stock currently trades at $126.05 with a market cap of $68.52 billion, showing a twelve-month range between $117.84 and $238.59.

D.A. Davidson & CO. trimmed its position in Fiserv, Inc. (NYSE:FI - Free Report) by 3.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,309 shares of the business services provider's stock after selling 6,355 shares during the quarter. D.A. Davidson & CO.'s holdings in Fiserv were worth $27,122,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FI. Activest Wealth Management grew its holdings 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 acquired a new position in Fiserv in the 2nd quarter valued at $34,000. Christopher J. Hasenberg Inc grew its holdings in Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider's stock valued at $36,000 after buying an additional 142 shares in the last quarter. Armstrong Advisory Group Inc. grew its holdings in Fiserv by 178.9% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider's stock valued at $37,000 after buying an additional 136 shares in the last quarter. Finally, Abound Financial LLC acquired a new position in Fiserv in the 1st quarter valued at $38,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of FI stock opened at $126.05 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a twelve month low of $117.84 and a twelve month high of $238.59. The company has a market cap of $68.52 billion, a P/E ratio of 21.04, a P/E/G ratio of 0.82 and a beta of 0.95. The business has a fifty day simple moving average of $131.63 and a 200 day simple moving average of $157.36.

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

Analyst Upgrades and Downgrades

FI has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Fiserv in a research report on Wednesday, October 8th. UBS Group cut their target price on Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft set a $122.00 target price on Fiserv in a research report on Thursday, October 16th. Mizuho cut their target price on Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a research report on Tuesday, July 29th. Finally, BTIG Research set a $180.00 target price on Fiserv and gave the company a "buy" rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $190.93.

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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