Solstein Capital LLC Makes New Investment in Fiserv, Inc. $FI

Solstein Capital LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 248 shares of the business services provider’s stock, valued at approximately $43,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. E Fund Management Co. Ltd. increased its position in shares of Fiserv by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock worth $323,000 after purchasing an additional 55 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Fiserv by 6.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock worth $206,000 after acquiring an additional 56 shares in the last quarter. Pinnacle Associates Ltd. boosted its stake in shares of Fiserv by 0.3% during the 1st quarter. Pinnacle Associates Ltd. now owns 16,794 shares of the business services provider’s stock worth $3,709,000 after acquiring an additional 57 shares in the last quarter. LaSalle St. Investment Advisors LLC boosted its stake in shares of Fiserv by 5.1% during the 1st quarter. LaSalle St. Investment Advisors LLC now owns 1,273 shares of the business services provider’s stock worth $281,000 after acquiring an additional 62 shares in the last quarter. Finally, SageView Advisory Group LLC boosted its stake in shares of Fiserv by 4.0% during the 1st quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock worth $353,000 after acquiring an additional 62 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on FI shares. Susquehanna reduced their target price on Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a research note on Thursday, July 24th. Robert W. Baird dropped their price objective on Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft set a $122.00 price objective on Fiserv in a report on Thursday, October 16th. KeyCorp reiterated an “overweight” rating and issued a $145.00 price target on shares of Fiserv in a report on Wednesday, October 22nd. Finally, UBS Group lowered their price target on Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.89.

Fiserv Stock Performance

Shares of NYSE FI opened at $126.30 on Tuesday. 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 firm’s 50-day moving average price is $130.79 and its two-hundred day moving average price is $154.90. Fiserv, Inc. has a 52-week low of $117.84 and a 52-week high of $238.59. The stock has a market capitalization of $68.66 billion, a P/E ratio of 21.09, a P/E/G ratio of 0.83 and a beta of 0.95.

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

Fiserv Company 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.