Bey Douglas LLC Grows Stock Position in Fiserv, Inc. $FI

Bey Douglas LLC increased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 33.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,174 shares of the business services provider’s stock after acquiring an additional 10,891 shares during the period. Fiserv comprises approximately 4.5% of Bey Douglas LLC’s holdings, making the stock its 8th largest holding. Bey Douglas LLC’s holdings in Fiserv were worth $7,444,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Activest Wealth Management grew its position in 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 acquiring an additional 126 shares during the last quarter. Abound Financial LLC bought a new position in Fiserv in the 1st quarter valued at $38,000. Hager Investment Management Services LLC bought a new position in Fiserv in the 2nd quarter valued at $34,000. Christopher J. Hasenberg Inc boosted its position in Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after buying an additional 142 shares during the last quarter. Finally, Armstrong Advisory Group Inc. boosted its position in Fiserv by 178.9% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after buying an additional 136 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Monness Crespi & Hardt upgraded Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. Stephens decreased their price objective on Fiserv from $240.00 to $180.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Morgan Stanley decreased their price objective on Fiserv from $268.00 to $266.00 and set an “overweight” rating on the stock in a research report on Monday, July 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Fiserv in a research report on Wednesday. Finally, Jefferies Financial Group decreased their price objective on Fiserv from $140.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $204.46.

Fiserv Stock Down 2.5%

NYSE:FI opened at $122.85 on Friday. Fiserv, Inc. has a 12-month low of $122.62 and a 12-month high of $238.59. 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 has a market capitalization of $66.78 billion, a P/E ratio of 20.51, a P/E/G ratio of 0.82 and a beta of 0.95. The stock’s fifty day simple moving average is $133.18 and its 200-day simple moving average is $162.38.

Fiserv (NYSE:FI) last posted its quarterly earnings results 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 19.69% and a net margin of 16.00%.The business had revenue of $4.32 billion for the quarter. Equities research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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.