Fiserv, Inc. $FI Shares Bought by Creekmur Asset Management LLC

Creekmur Asset Management LLC boosted its position in shares of Fiserv, Inc. (NYSE:FI) by 27.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,463 shares of the business services provider’s stock after acquiring an additional 312 shares during the quarter. Creekmur Asset Management LLC’s holdings in Fiserv were worth $252,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Sowell Financial Services LLC increased its position in Fiserv by 9.7% during the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock worth $610,000 after buying an additional 314 shares during the period. Kathmere Capital Management LLC increased its position in Fiserv by 7.7% during the second quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider’s stock worth $257,000 after buying an additional 106 shares during the period. Mendel Money Management acquired a new position in Fiserv during the second quarter worth approximately $1,409,000. Verdence Capital Advisors LLC increased its position in Fiserv by 8.3% during the second quarter. Verdence Capital Advisors LLC now owns 40,454 shares of the business services provider’s stock worth $6,975,000 after buying an additional 3,097 shares during the period. Finally, Gotham Asset Management LLC increased its position in Fiserv by 5.4% during the first quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider’s stock worth $16,490,000 after buying an additional 3,809 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the topic of several analyst reports. UBS Group set a $75.00 target price on Fiserv and gave the company a “neutral” rating in a research note on Thursday. Compass Point downgraded Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 target price on the stock. in a research note on Wednesday. Seaport Res Ptn downgraded Fiserv from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. BTIG Research downgraded Fiserv from a “buy” rating to a “neutral” rating in a research note on Wednesday. Finally, Wall Street Zen downgraded Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Fiserv currently has an average rating of “Hold” and a consensus price target of $131.95.

Fiserv Trading Up 2.1%

Shares of FI stock opened at $66.57 on Friday. The business’s fifty day moving average price is $126.20 and its 200 day moving average price is $151.77. Fiserv, Inc. has a 1-year low of $64.52 and a 1-year high of $238.59. The firm has a market capitalization of $36.19 billion, a PE ratio of 10.29, a P/E/G ratio of 0.56 and a beta of 0.95. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The firm had revenue of $4.32 billion for the quarter. As a group, sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal 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.