Fiserv, Inc. $FI is Legal Advantage Investments Inc.'s Largest Position

Key Points

• Legal Advantage Investments Inc. has increased its stake in Fiserv, Inc. by 8.5%, making it the fund's largest position at approximately $9.99 million in value.
• Several hedge funds have also recently adjusted their holdings, with Activest Wealth Management dramatically increasing their stake by 3,150% during the first quarter.
• Fiserv reported $1.91 earnings per share (EPS) for the last quarter, with analysts forecasting a total EPS of 10.23 for the current year.

Legal Advantage Investments Inc. lifted its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 8.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,967 shares of the business services provider's stock after purchasing an additional 4,550 shares during the quarter. Fiserv makes up about 4.7% of Legal Advantage Investments Inc.'s holdings, making the stock its biggest position. Legal Advantage Investments Inc.'s holdings in Fiserv were worth $9,994,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FI. Activest Wealth Management increased its stake in shares of Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock worth $29,000 after purchasing an additional 126 shares during the last quarter. Hager Investment Management Services LLC acquired a new position in shares of Fiserv during the 2nd quarter worth $34,000. Christopher J. Hasenberg Inc increased 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 purchasing an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. increased 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 purchasing an additional 136 shares during the last quarter. Finally, Abound Financial LLC acquired a new position in shares of Fiserv during the 1st quarter worth $38,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Stock Performance

NYSE FI opened at $122.85 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $66.78 billion, a price-to-earnings ratio of 20.51, a P/E/G ratio of 0.80 and a beta of 0.95. The company's fifty day moving average is $133.18 and its two-hundred day moving average is $161.97. Fiserv, Inc. has a 52-week low of $122.62 and a 52-week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. The company 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 research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Wall Street Analyst Weigh In

FI has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fiserv in a research note on Thursday, July 17th. They set a "buy" rating and a $200.00 price target on the stock. Stephens lowered their target price on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Susquehanna lowered their target price on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research note on Thursday, July 24th. Wall Street Zen lowered shares of Fiserv from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Mizuho lowered their target price 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. 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. According to data from MarketBeat, Fiserv presently has an average rating of "Moderate Buy" and a consensus target price of $204.46.

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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