Chicago Partners Investment Group LLC Buys 474 Shares of Fiserv, Inc. $FI

Chicago Partners Investment Group LLC lifted its stake in shares of Fiserv, Inc. (NYSE:FI) by 31.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,005 shares of the business services provider’s stock after acquiring an additional 474 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Fiserv were worth $346,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Palmer Knight Co boosted its stake in shares of Fiserv by 5.1% during the 2nd quarter. Palmer Knight Co now owns 50,186 shares of the business services provider’s stock worth $8,653,000 after acquiring an additional 2,445 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in Fiserv by 249.9% during 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 purchasing an additional 11,279 shares during the period. Angeles Wealth Management LLC boosted its stake in Fiserv by 3.5% during the 2nd quarter. Angeles Wealth Management LLC now owns 3,341 shares of the business services provider’s stock valued at $576,000 after purchasing an additional 114 shares during the period. Smithbridge Asset Management Inc. DE boosted its stake in Fiserv by 1.0% during 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 purchasing an additional 471 shares during the period. Finally, Nordea Investment Management AB boosted its stake in Fiserv by 12.1% during 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 purchasing an additional 208,064 shares during the period. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of NYSE:FI opened at $123.97 on Friday. The business’s fifty day moving average price is $131.24 and its two-hundred day moving average price is $156.63. Fiserv, Inc. has a fifty-two week low of $117.84 and a fifty-two week high of $238.59. The stock has a market capitalization of $67.39 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 0.83 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.

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

Wall Street Analyst Weigh In

FI has been the subject of several recent analyst reports. KeyCorp restated an “overweight” rating and set a $145.00 target price on shares of Fiserv in a research note on Wednesday. Jefferies Financial Group cut their price target on Fiserv from $130.00 to $125.00 and set a “hold” rating for the company in a report on Monday, October 13th. Deutsche Bank Aktiengesellschaft set a $122.00 price target on Fiserv in a report on Thursday, October 16th. UBS Group cut their price target on Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a report on Friday, July 25th. Finally, Robert W. Baird cut their price target on Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and an average price target of $183.44.

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.