Seelaus Asset Management LLC Purchases Shares of 2,121 Fiserv, Inc. $FI

Seelaus Asset Management LLC acquired a new position in Fiserv, Inc. (NYSE:FI) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,121 shares of the business services provider’s stock, valued at approximately $366,000.

Other hedge funds have also recently bought and sold shares of the company. E Fund Management Co. Ltd. lifted its holdings in Fiserv by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock valued at $323,000 after acquiring an additional 55 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in Fiserv by 6.4% during the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock valued at $206,000 after purchasing an additional 56 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in Fiserv by 0.3% during the first quarter. Pinnacle Associates Ltd. now owns 16,794 shares of the business services provider’s stock worth $3,709,000 after buying an additional 57 shares in the last quarter. LaSalle St. Investment Advisors LLC increased its holdings in shares of Fiserv by 5.1% in the first quarter. LaSalle St. Investment Advisors LLC now owns 1,273 shares of the business services provider’s stock valued at $281,000 after buying an additional 62 shares in the last quarter. Finally, SageView Advisory Group LLC lifted its position 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 valued at $353,000 after acquiring an additional 62 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

FI opened at $66.57 on Monday. The stock 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. Fiserv, Inc. has a 1 year low of $64.52 and a 1 year high of $238.59. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. The stock has a fifty day moving average price of $126.20 and a 200 day moving average price of $150.93.

Fiserv (NYSE:FI) last released its quarterly earnings data 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 during the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%. Analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FI. Royal Bank Of Canada set a $85.00 target price on Fiserv and gave the company an “outperform” rating in a report on Thursday. Oppenheimer reaffirmed an “outperform” rating and set a $91.00 target price on shares of Fiserv in a report on Thursday. Argus reaffirmed a “hold” rating on shares of Fiserv in a report on Thursday. Raymond James Financial set a $167.00 target price on Fiserv and gave the company an “outperform” rating in a report on Friday, October 10th. Finally, Stephens downgraded Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 target price for the company. in a report on Thursday. Eleven analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $131.95.

Fiserv 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.