Equitable Trust Co. Increases Stock Position in Fiserv, Inc. $FI

Key Points

• Equitable Trust Co. increased its stake in Fiserv, Inc. by 52.1% during the 2nd quarter, totaling 15,504 shares valued at approximately $2.67 million.
• Several hedge funds have also significantly increased their positions in Fiserv, with Wilmington Savings Fund Society FSB raising its stake by 58.9%, now owning 31,930 shares valued at over $5.5 million.
• Wall Street analysts have a generally positive outlook on Fiserv, with a consensus rating of "Moderate Buy" and a target price of around $202.73 for the stock.

Equitable Trust Co. boosted its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 52.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,504 shares of the business services provider's stock after purchasing an additional 5,313 shares during the quarter. Equitable Trust Co.'s holdings in Fiserv were worth $2,673,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of FI. Wilmington Savings Fund Society FSB raised its position in shares of Fiserv by 58.9% during the 2nd quarter. Wilmington Savings Fund Society FSB now owns 31,930 shares of the business services provider's stock valued at $5,505,000 after buying an additional 11,837 shares in the last quarter. Kiker Wealth Management LLC raised its position in shares of Fiserv by 47.1% during the 2nd quarter. Kiker Wealth Management LLC now owns 1,106 shares of the business services provider's stock valued at $191,000 after buying an additional 354 shares in the last quarter. RFG Advisory LLC raised its position in shares of Fiserv by 14.0% during the 2nd quarter. RFG Advisory LLC now owns 1,422 shares of the business services provider's stock valued at $245,000 after buying an additional 175 shares in the last quarter. Moran Wealth Management LLC raised its position in shares of Fiserv by 2.1% during the 2nd quarter. Moran Wealth Management LLC now owns 44,350 shares of the business services provider's stock valued at $7,646,000 after buying an additional 922 shares in the last quarter. Finally, Community Bank N.A. purchased a new stake in shares of Fiserv during the 2nd quarter valued at about $998,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Stock Performance

Shares of NYSE:FI opened at $124.00 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $67.40 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 0.80 and a beta of 0.95. The firm's 50-day moving average is $132.70 and its 200 day moving average is $160.65. Fiserv, Inc. has a 12 month low of $121.40 and a 12 month high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results 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 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FI. Raymond James Financial set a $167.00 target price on shares of Fiserv and gave the company an "outperform" rating in a research report on Friday. Weiss Ratings restated a "hold (c)" rating on shares of Fiserv in a research report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their target price on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Monness Crespi & Hardt upgraded shares of Fiserv from a "sell" rating to a "neutral" rating in a report on Monday, July 21st. Finally, Stephens cut their price target on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Fiserv has a consensus rating of "Moderate Buy" and a consensus target price of $202.73.

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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