Stratos Wealth Partners LTD. Grows Stock Holdings in Fiserv, Inc. $FI

Key Points

• Stratos Wealth Partners LTD. increased its stake in Fiserv, Inc. by 249.9% during the second quarter, bringing their total holdings to 15,793 shares valued at approximately $2.72 million.
• As of now, 90.98% of Fiserv's stock is owned by hedge funds and institutional investors, indicating strong backing from large financial entities.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Fiserv, with an average price target of $196.11 per share.

Stratos Wealth Partners LTD. raised its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 249.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,793 shares of the business services provider's stock after buying an additional 11,279 shares during the period. Stratos Wealth Partners LTD.'s holdings in Fiserv were worth $2,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Sowell Financial Services LLC boosted its position in Fiserv by 9.7% in the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider's stock valued at $610,000 after buying an additional 314 shares during the period. Kathmere Capital Management LLC boosted its position in Fiserv by 7.7% in the 2nd quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider's stock valued at $257,000 after buying an additional 106 shares during the period. Verdence Capital Advisors LLC boosted its position in Fiserv by 8.3% in the 2nd quarter. Verdence Capital Advisors LLC now owns 40,454 shares of the business services provider's stock valued at $6,975,000 after buying an additional 3,097 shares during the period. Gotham Asset Management LLC boosted its position in Fiserv by 5.4% in the 1st quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider's stock valued at $16,490,000 after buying an additional 3,809 shares during the period. Finally, Deltec Asset Management LLC purchased a new stake in Fiserv in the 2nd quarter valued at about $1,034,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Trading Up 3.2%

NYSE:FI opened at $121.78 on Monday. Fiserv, Inc. has a 52 week low of $117.84 and a 52 week high of $238.59. The firm has a 50 day moving average of $131.92 and a 200 day moving average of $158.10. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $66.20 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 0.79 and a beta of 0.95.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FI. Susquehanna lowered their price objective 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. Barclays set a $175.00 price target on shares of Fiserv and gave the company an "overweight" rating in a report on Monday, July 28th. JPMorgan Chase & Co. reduced their price target on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. TD Cowen reduced their price target on shares of Fiserv from $188.00 to $177.00 and set a "buy" rating for the company in a report on Friday. Finally, Robert W. Baird reduced their price target on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of "Moderate Buy" and an average target price of $196.11.

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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