Yousif Capital Management LLC Has $12.15 Million Stock Position in Fiserv, Inc. $FI

Key Points

• Yousif Capital Management LLC reduced its stake in Fiserv, Inc. by 8.3%, owning 70,487 shares valued at $12.15 million after selling 6,343 shares in the second quarter.
• Several other investors, including Activest Wealth Management and Armstrong Advisory Group Inc., significantly increased their positions in Fiserv, indicating a strong institutional interest in the company.
• Wall Street analysts have lowered their price targets for Fiserv, with a consensus target price of $202.73, reflecting a cautious outlook despite a majority of analysts rating the stock as a "Moderate Buy."

Yousif Capital Management LLC cut its position in Fiserv, Inc. (NYSE:FI - Free Report) by 8.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,487 shares of the business services provider's stock after selling 6,343 shares during the quarter. Yousif Capital Management LLC's holdings in Fiserv were worth $12,153,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Activest Wealth Management raised its position in Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock valued at $29,000 after purchasing an additional 126 shares during the last quarter. Abound Financial LLC bought a new position in Fiserv in the first quarter valued at about $38,000. Hager Investment Management Services LLC bought a new position in Fiserv in the second quarter valued at about $34,000. Christopher J. Hasenberg Inc raised its position in Fiserv by 218.5% in the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider's stock valued at $36,000 after purchasing an additional 142 shares during the last quarter. Finally, Armstrong Advisory Group Inc. raised its position in Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider's stock valued at $37,000 after purchasing an additional 136 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FI. Robert W. Baird lowered their price objective on Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company 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 for the company in a research report on Monday, July 21st. The Goldman Sachs Group lowered their price objective on Fiserv from $192.00 to $149.00 and set a "buy" rating for the company in a research report on Monday. Susquehanna lowered their price objective on Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a research report on Thursday, July 24th. Finally, Monness Crespi & Hardt upgraded Fiserv from a "sell" rating to a "neutral" rating in a research report on Monday, July 21st. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $202.73.

Fiserv Trading Down 0.1%

NYSE FI opened at $122.55 on Tuesday. The business has a 50 day simple moving average of $132.91 and a 200 day simple moving average of $160.91. Fiserv, Inc. has a one year low of $121.93 and a one year high of $238.59. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09.

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