M3 Advisory Group LLC Cuts Position in Fiserv, Inc. $FI

M3 Advisory Group LLC cut its stake in Fiserv, Inc. (NYSE:FI) by 5.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,127 shares of the business services provider’s stock after selling 132 shares during the period. M3 Advisory Group LLC’s holdings in Fiserv were worth $367,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sowell Financial Services LLC boosted 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 valued at $610,000 after buying an additional 314 shares during the period. Kathmere Capital Management LLC boosted 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 valued at $257,000 after buying an additional 106 shares during the period. Gotham Asset Management LLC boosted 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 valued at $16,490,000 after buying an additional 3,809 shares during the period. Deltec Asset Management LLC purchased a new stake in Fiserv during the second quarter valued at about $1,034,000. Finally, Jacobs & Co. CA raised its stake in shares of Fiserv by 26.5% during the second quarter. Jacobs & Co. CA now owns 53,993 shares of the business services provider’s stock valued at $9,308,000 after acquiring an additional 11,322 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Trading Down 2.5%

NYSE:FI opened at $122.85 on Monday. The company’s 50 day moving average price is $133.18 and its 200-day moving average price is $161.56. Fiserv, Inc. has a 52 week low of $122.62 and a 52 week 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 stock has a market cap of $66.78 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 0.80 and a beta of 0.95.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm had revenue of $4.32 billion for the quarter. On average, equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FI. Raymond James Financial set a $167.00 price objective on shares of Fiserv and gave the company an “outperform” rating in a research note on Friday. KeyCorp decreased their price target on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Monness Crespi & Hardt raised shares of Fiserv from a “sell” rating to a “neutral” rating in a research note on Monday, July 21st. Susquehanna decreased their price target on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a research note on Thursday, July 24th. Finally, Truist Financial increased their price target on shares of Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.46.

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.