Sequoia Financial Advisors LLC Acquires 2,110 Shares of Fiserv, Inc. $FI

Key Points

• Sequoia Financial Advisors LLC has increased its holdings in Fiserv, Inc. by 2.6%, owning 84,241 shares valued at approximately $14.5 million after acquiring an additional 2,110 shares.
• Several institutional investors have recently adjusted their positions in Fiserv, with 90.98% of the stock currently owned by such investors.
• Fiserv's market cap is around $66.62 billion, with a current stock price of $122.55, reflecting a significant decline from its 12-month high of $238.59.

Sequoia Financial Advisors LLC increased its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 2.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 84,241 shares of the business services provider's stock after purchasing an additional 2,110 shares during the period. Sequoia Financial Advisors LLC's holdings in Fiserv were worth $14,524,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Lion Street Advisors LLC bought a new position in shares of Fiserv during the second quarter valued at approximately $220,000. Hazlett Burt & Watson Inc. boosted its stake in shares of Fiserv by 85.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 3,738 shares of the business services provider's stock valued at $645,000 after purchasing an additional 1,720 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Fiserv by 31.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 382,625 shares of the business services provider's stock valued at $66,072,000 after acquiring an additional 92,501 shares during the last quarter. Mitchell Sinkler & Starr PA lifted its position in Fiserv by 17.0% during the second quarter. Mitchell Sinkler & Starr PA now owns 1,799 shares of the business services provider's stock valued at $310,000 after acquiring an additional 262 shares during the last quarter. Finally, Legal Advantage Investments Inc. lifted its position in Fiserv by 8.5% during the second quarter. Legal Advantage Investments Inc. now owns 57,967 shares of the business services provider's stock valued at $9,994,000 after acquiring an additional 4,550 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Down 0.1%

NYSE FI opened at $122.55 on Tuesday. The company has a fifty day simple moving average of $132.91 and a two-hundred day simple moving average of $160.91. The stock has a market cap of $66.62 billion, a P/E ratio of 20.46, a P/E/G ratio of 0.80 and a beta of 0.95. Fiserv, Inc. has a 12-month low of $121.93 and a 12-month high of $238.59. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09.

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 business had revenue of $4.32 billion during the quarter. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. On average, analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on FI. Barclays set a $175.00 target price on shares of Fiserv and gave the company an "overweight" rating in a research report on Monday, July 28th. KeyCorp decreased their target price on shares of Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Robert W. Baird decreased their target price on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a research report on Thursday, July 24th. Truist Financial increased their target price on shares of Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Finally, Susquehanna decreased their target price on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $202.73.

About Fiserv

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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