AlTi Global Inc. Grows Position in Fiserv, Inc. $FI

AlTi Global Inc. grew its holdings in Fiserv, Inc. (NYSE:FI) by 447.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 37,573 shares of the business services provider’s stock after buying an additional 30,714 shares during the quarter. AlTi Global Inc.’s holdings in Fiserv were worth $6,465,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Activest Wealth Management increased its holdings in shares of Fiserv by 3,150.0% in the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 126 shares during the period. Abound Financial LLC acquired a new stake in Fiserv in the first quarter valued at approximately $38,000. Hager Investment Management Services LLC acquired a new position in shares of Fiserv during the second quarter worth $34,000. Christopher J. Hasenberg Inc boosted its position in shares of Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares in the last quarter. Finally, Armstrong Advisory Group Inc. increased its position in Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after buying an additional 136 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

FI has been the topic of a number of research analyst reports. Jefferies Financial Group dropped their price target on Fiserv from $130.00 to $125.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Wall Street Zen downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Truist Financial upped their target price on Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Robert W. Baird dropped their price target on Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a research note on Thursday, July 24th. Finally, Susquehanna dropped their target price on Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a research report on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $183.44.

Fiserv Price Performance

NYSE:FI opened at $123.97 on Friday. 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 company has a 50 day moving average price of $131.24 and a 200-day moving average price of $156.63. Fiserv, Inc. has a 1-year low of $117.84 and a 1-year high of $238.59. The firm has a market cap 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.

Fiserv (NYSE:FI) last released its quarterly earnings results 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 net margin of 16.00% and a return on equity of 19.69%. Equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

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.