Fiserv, Inc. $FI Shares Sold by Goldstein Advisors LLC

Goldstein Advisors LLC lessened its stake in Fiserv, Inc. (NYSE:FI) by 13.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,500 shares of the business services provider’s stock after selling 242 shares during the period. Goldstein Advisors LLC’s holdings in Fiserv were worth $259,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Palmer Knight Co increased its position in Fiserv by 5.1% in the 2nd quarter. Palmer Knight Co now owns 50,186 shares of the business services provider’s stock valued at $8,653,000 after acquiring an additional 2,445 shares during the period. Stratos Wealth Partners LTD. increased its position in Fiserv by 249.9% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 15,793 shares of the business services provider’s stock valued at $2,723,000 after acquiring an additional 11,279 shares during the period. Angeles Wealth Management LLC increased its position in Fiserv by 3.5% in the 2nd quarter. Angeles Wealth Management LLC now owns 3,341 shares of the business services provider’s stock valued at $576,000 after acquiring an additional 114 shares during the period. Smithbridge Asset Management Inc. DE increased its position in Fiserv by 1.0% in the 2nd quarter. Smithbridge Asset Management Inc. DE now owns 49,602 shares of the business services provider’s stock valued at $8,552,000 after acquiring an additional 471 shares during the period. Finally, Nordea Investment Management AB increased its position in Fiserv by 12.1% in the 2nd quarter. Nordea Investment Management AB now owns 1,925,448 shares of the business services provider’s stock valued at $329,386,000 after acquiring an additional 208,064 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Truist Financial boosted their price target on Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. The Goldman Sachs Group dropped their target price on Fiserv from $192.00 to $149.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. KeyCorp dropped their target price on Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. UBS Group dropped their target price on Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. dropped their target price on Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.11.

Fiserv Stock Performance

FI opened at $121.78 on Friday. The stock has a market cap of $66.20 billion, a P/E ratio of 20.33, a P/E/G ratio of 0.79 and a beta of 0.95. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s 50 day simple moving average is $131.92 and its 200 day simple moving average is $158.51. Fiserv, Inc. has a 1-year low of $117.84 and a 1-year high of $238.59.

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