Savvy Advisors Inc. Buys 1,179 Shares of Fiserv, Inc. $FI

Savvy Advisors Inc. increased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 40.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,098 shares of the business services provider’s stock after buying an additional 1,179 shares during the quarter. Savvy Advisors Inc.’s holdings in Fiserv were worth $707,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in Fiserv by 1.1% during the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock worth $11,059,063,000 after acquiring an additional 535,407 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Fiserv by 77.2% in the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock worth $3,390,793,000 after acquiring an additional 6,691,703 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Fiserv by 3.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider’s stock worth $1,829,451,000 after purchasing an additional 253,544 shares in the last quarter. Nuveen LLC acquired a new position in Fiserv during the 1st quarter worth approximately $1,722,584,000. Finally, Alliancebernstein L.P. increased its position in Fiserv by 5.3% during the 1st quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider’s stock worth $1,264,178,000 after purchasing an additional 287,420 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Up 2.1%

Shares of Fiserv stock opened at $66.57 on Friday. The stock’s 50-day moving average is $126.20 and its 200 day moving average is $151.77. The firm has a market cap of $36.19 billion, a price-to-earnings ratio of 10.29, a PEG 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, Inc. has a one year low of $64.52 and a one year high of $238.59.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. The business had revenue of $4.32 billion for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%. Equities research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Fiserv in a research report on Wednesday, October 8th. Wolfe Research reiterated a “peer perform” rating on shares of Fiserv in a research report on Wednesday. Citigroup lowered their target price on Fiserv from $128.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday. BTIG Research cut Fiserv from a “buy” rating to a “neutral” rating in a report on Wednesday. Finally, Barclays set a $175.00 target price on Fiserv and gave the stock an “overweight” rating in a report on Monday, July 28th. Eleven research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $131.95.

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.