Tobam Buys New Holdings in Fiserv, Inc. $FI

Tobam purchased a new position in Fiserv, Inc. (NYSE:FI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,758 shares of the business services provider’s stock, valued at approximately $303,000.

Other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management boosted its position in shares of Fiserv by 3,150.0% during the first 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. Hager Investment Management Services LLC purchased a new stake in Fiserv in the 2nd quarter worth $34,000. Christopher J. Hasenberg Inc boosted its holdings in shares of Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. grew its position in shares of Fiserv by 178.9% during the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 136 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in shares of Fiserv by 960.9% in the second quarter. Golden State Wealth Management LLC now owns 244 shares of the business services provider’s stock worth $42,000 after purchasing an additional 221 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Down 0.1%

Shares of NYSE:FI opened at $63.66 on Wednesday. The firm has a market capitalization of $34.24 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90. The business has a 50 day simple moving average of $115.84 and a two-hundred day simple moving average of $144.14. Fiserv, Inc. has a 1 year low of $60.95 and a 1 year high of $238.59. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09.

Fiserv (NYSE:FI) last issued 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 19.47% and a net margin of 17.05%.The firm had revenue of $4.32 billion during the quarter. On average, equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FI shares. Stephens cut Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price target for the company. in a report on Thursday, October 30th. B. Riley cut shares of Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 29th. Monness Crespi & Hardt upgraded shares of Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. Mizuho set a $145.00 target price on shares of Fiserv and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Finally, Zacks Research cut shares of Fiserv from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Eleven equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $127.28.

Insider Activity

In related news, Director Lance M. Fritz purchased 10,000 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were purchased at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the acquisition, the director owned 13,086 shares in the company, valued at approximately $852,945.48. This trade represents a 324.04% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.74% of the company’s stock.

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.