Soltis Investment Advisors LLC Reduces Position in Fiserv, Inc. $FI

Soltis Investment Advisors LLC reduced its position in shares of Fiserv, Inc. (NYSE:FI) by 74.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,048 shares of the business services provider’s stock after selling 17,426 shares during the period. Soltis Investment Advisors LLC’s holdings in Fiserv were worth $1,043,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Activest Wealth Management lifted its position in shares of Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after buying an additional 126 shares during the last quarter. Hager Investment Management Services LLC acquired a new stake in shares of Fiserv in the 2nd quarter valued at about $34,000. Christopher J. Hasenberg Inc grew its stake in Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after buying an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. increased its position in Fiserv by 178.9% during the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after buying an additional 136 shares during the period. Finally, Saudi Central Bank purchased a new stake in Fiserv in the first quarter valued at approximately $49,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

FI stock opened at $61.61 on Friday. The firm has a 50 day moving average of $120.28 and a 200-day moving average of $147.71. The company has a market cap of $33.14 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 0.56 and a beta of 0.90. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. Fiserv, Inc. has a 12-month low of $61.33 and a 12-month high of $238.59.

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

Wall Street Analyst Weigh In

A number of research firms have commented on FI. Keefe, Bruyette & Woods dropped their price objective on shares of Fiserv from $170.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Wolfe Research reaffirmed a “peer perform” rating on shares of Fiserv in a research note on Wednesday, October 29th. UBS Group set a $75.00 target price on Fiserv and gave the company a “neutral” rating in a research note on Thursday, October 30th. BTIG Research cut Fiserv from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 29th. Finally, Morgan Stanley set a $81.00 price objective on shares of Fiserv and gave the company an “equal weight” rating in a research note on Thursday, October 30th. Eleven investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $127.28.

Insider Buying and Selling

In related news, Director Lance M. Fritz acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The shares were acquired at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the purchase, the director directly owned 13,086 shares in the company, valued at approximately $852,945.48. The trade was a 324.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.74% of the company’s stock.

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.