Deroy & Devereaux Private Investment Counsel Inc. Has $37.82 Million Stock Position in Fiserv, Inc. $FI

Deroy & Devereaux Private Investment Counsel Inc. trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 0.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 219,332 shares of the business services provider’s stock after selling 1,437 shares during the quarter. Fiserv accounts for approximately 2.0% of Deroy & Devereaux Private Investment Counsel Inc.’s investment portfolio, making the stock its 8th largest holding. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Fiserv were worth $37,815,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Mutual Advisors LLC increased its stake in shares of Fiserv by 19.8% during the second quarter. Mutual Advisors LLC now owns 6,835 shares of the business services provider’s stock valued at $1,178,000 after buying an additional 1,129 shares during the period. Twin Tree Management LP increased its stake in shares of Fiserv by 83.5% during the second quarter. Twin Tree Management LP now owns 15,690 shares of the business services provider’s stock valued at $2,705,000 after buying an additional 7,138 shares during the period. Ritholtz Wealth Management increased its stake in shares of Fiserv by 11.7% during the second quarter. Ritholtz Wealth Management now owns 7,737 shares of the business services provider’s stock valued at $1,334,000 after buying an additional 810 shares during the period. Curated Wealth Partners LLC increased its stake in shares of Fiserv by 19.3% during the second quarter. Curated Wealth Partners LLC now owns 3,796 shares of the business services provider’s stock valued at $654,000 after buying an additional 614 shares during the period. Finally, Harbour Investments Inc. increased its stake in shares of Fiserv by 2.6% during the second quarter. Harbour Investments Inc. now owns 12,013 shares of the business services provider’s stock valued at $2,071,000 after buying an additional 310 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Susquehanna cut their price target on 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 Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday. Robert W. Baird cut their target price on Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a research note on Thursday, July 24th. KeyCorp cut their target price on Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Finally, The Goldman Sachs Group cut their target price on Fiserv from $192.00 to $149.00 and set a “buy” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $202.73.

Fiserv Price Performance

Shares of FI stock opened at $124.00 on Wednesday. Fiserv, Inc. has a fifty-two week low of $121.40 and a fifty-two week high of $238.59. The firm has a market capitalization of $67.40 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 0.80 and a beta of 0.95. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s 50-day simple moving average is $132.70 and its 200-day simple moving average is $160.65.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share 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 for the quarter. As a group, equities analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal 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.