Transcend Capital Advisors LLC Has $1.18 Million Holdings in Fiserv, Inc. $FI

Transcend Capital Advisors LLC lessened its stake in Fiserv, Inc. (NYSE:FI) by 36.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,836 shares of the business services provider’s stock after selling 3,839 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Fiserv were worth $1,179,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sowell Financial Services LLC raised its stake in Fiserv by 9.7% in the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock valued at $610,000 after purchasing an additional 314 shares in the last quarter. Kathmere Capital Management LLC raised its stake in Fiserv by 7.7% in the second quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 106 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in Fiserv by 8.3% in the second quarter. Verdence Capital Advisors LLC now owns 40,454 shares of the business services provider’s stock valued at $6,975,000 after purchasing an additional 3,097 shares in the last quarter. Gotham Asset Management LLC raised its stake in Fiserv by 5.4% in 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 purchasing an additional 3,809 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in Fiserv by 249.9% in the second 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 in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Price Performance

Fiserv stock opened at $126.30 on Tuesday. The stock’s 50 day moving average is $130.79 and its 200 day moving average is $154.90. 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 firm has a market cap of $68.66 billion, a P/E ratio of 21.09, a P/E/G ratio of 0.83 and a beta of 0.95. Fiserv, Inc. has a one year low of $117.84 and a one year high of $238.59.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The company 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, research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Upgrades and Downgrades

FI has been the topic of a number of recent analyst reports. Wall Street Zen cut Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Deutsche Bank Aktiengesellschaft set a $122.00 target price on Fiserv in a research report on Thursday, October 16th. Stephens decreased their target price on Fiserv from $180.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, October 16th. BTIG Research set a $180.00 target price on Fiserv and gave the company a “buy” rating in a research report on Friday, October 17th. Finally, Barclays set a $175.00 target price on Fiserv and gave the company an “overweight” rating in a research report on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $181.89.

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.