DSM Capital Partners LLC Purchases 156,419 Shares of Fiserv, Inc. $FI

Key Points

• DSM Capital Partners LLC has increased its stake in Fiserv, Inc. by 15.9%, acquiring an additional 156,419 shares, bringing their total ownership to 1,140,649 shares.
• Despite this investment, Fiserv's stock price has recently decreased by 2.5%, with the current trading value at $122.85, well below its 12-month high of $238.59.
• Analysts have recently adjusted their price targets for Fiserv, with a consensus target of $204.46, reflecting a variety of ratings from "Strong Buy" to "Sell."

DSM Capital Partners LLC increased its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 15.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,140,649 shares of the business services provider's stock after acquiring an additional 156,419 shares during the period. Fiserv makes up approximately 2.9% of DSM Capital Partners LLC's investment portfolio, making the stock its 11th biggest position. DSM Capital Partners LLC owned 0.21% of Fiserv worth $196,659,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FI. Activest Wealth Management increased its position in shares of Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock worth $29,000 after purchasing an additional 126 shares in the last quarter. Abound Financial LLC acquired a new stake in Fiserv during the 1st quarter worth about $38,000. Hager Investment Management Services LLC acquired a new stake in Fiserv during the 2nd quarter worth about $34,000. Christopher J. Hasenberg Inc boosted its stake in shares of Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider's stock worth $36,000 after acquiring an additional 142 shares in the last quarter. Finally, Armstrong Advisory Group Inc. boosted its stake in shares of Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider's stock worth $37,000 after acquiring an additional 136 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Stock Down 2.5%

FI stock opened at $122.85 on Friday. The company's 50 day simple moving average is $133.18 and its 200-day simple moving average is $162.38. The firm has a market capitalization of $66.78 billion, a PE ratio of 20.51, a P/E/G ratio of 0.82 and a beta of 0.95. Fiserv, Inc. has a 12 month low of $122.62 and a 12 month high of $238.59. 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 (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 (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%. Equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FI shares. Mizuho decreased their price target on shares of Fiserv from $194.00 to $165.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 29th. KeyCorp dropped their target price on shares of Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Morgan Stanley dropped their target price on shares of Fiserv from $268.00 to $266.00 and set an "overweight" rating for the company in a report on Monday, July 21st. UBS Group decreased their price target on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, July 25th. Finally, Barclays set a $175.00 price objective on shares of Fiserv and gave the stock an "overweight" rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $204.46.

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.

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