Wilmington Savings Fund Society FSB Buys 11,837 Shares of Fiserv, Inc. $FI

Key Points

• Wilmington Savings Fund Society FSB increased its stake in Fiserv, Inc. by 58.9% during Q2, acquiring an additional 11,837 shares, bringing their total holdings to 31,930 shares valued at $5,505,000.
• Analysts have recently adjusted their price targets for Fiserv, with Susquehanna lowering theirs from $240 to $220 and Morgan Stanley adjusting from $268 to $266.
• Fiserv has a market capitalization of $67.40 billion and reported EPS of $1.91 with a revenue of $4.32 billion in its last quarterly earnings.

Wilmington Savings Fund Society FSB lifted its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 58.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,930 shares of the business services provider's stock after purchasing an additional 11,837 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Fiserv were worth $5,505,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in FI. Brighton Jones LLC boosted its position in shares of Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after purchasing an additional 2,033 shares in the last quarter. Bison Wealth LLC lifted its position in Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider's stock valued at $472,000 after acquiring an additional 116 shares in the last quarter. Ritholtz Wealth Management lifted its position in Fiserv by 35.7% in the 1st quarter. Ritholtz Wealth Management now owns 6,927 shares of the business services provider's stock valued at $1,530,000 after acquiring an additional 1,821 shares in the last quarter. Sowell Financial Services LLC bought a new position in Fiserv in the 1st quarter valued at approximately $712,000. Finally, Grove Bank & Trust lifted its position in Fiserv by 83.9% in the 1st quarter. Grove Bank & Trust now owns 697 shares of the business services provider's stock valued at $154,000 after acquiring an additional 318 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Fiserv in a research report on Wednesday, October 8th. Susquehanna lowered their price objective on Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research report on Thursday, July 24th. Morgan Stanley lowered their price objective on Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. Stephens lowered their price objective on Fiserv from $240.00 to $180.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Finally, Truist Financial upped their price objective on Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. One 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $202.73.

Fiserv Trading Up 1.2%

NYSE:FI opened at $124.00 on Wednesday. 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 $67.40 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 0.80 and a beta of 0.95. Fiserv, Inc. has a one year low of $121.40 and a one year high of $238.59. The business has a fifty day moving average price of $132.70 and a 200-day moving average price of $160.65.

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

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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