Ashton Thomas Private Wealth LLC Has $2.98 Million Position in Fiserv, Inc. $FI

Ashton Thomas Private Wealth LLC grew its holdings in Fiserv, Inc. (NYSE:FI) by 11.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 17,253 shares of the business services provider’s stock after acquiring an additional 1,738 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Fiserv were worth $2,975,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in FI. Brighton Jones LLC grew its position in Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after buying an additional 2,033 shares in the last quarter. Bison Wealth LLC grew its position in Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after buying an additional 116 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in Fiserv by 6.1% during the first quarter. Oppenheimer & Co. Inc. now owns 4,319 shares of the business services provider’s stock worth $954,000 after buying an additional 249 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Fiserv by 4.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 290,124 shares of the business services provider’s stock worth $64,410,000 after buying an additional 13,586 shares in the last quarter. Finally, Essex Financial Services Inc. grew its position in Fiserv by 23.7% during the first quarter. Essex Financial Services Inc. now owns 3,411 shares of the business services provider’s stock worth $753,000 after buying an additional 654 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FI has been the topic of a number of recent research reports. Raymond James Financial set a $167.00 price objective on Fiserv and gave the company an “outperform” rating in a report on Friday, October 10th. Susquehanna decreased their price objective on Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a report on Thursday, July 24th. Wells Fargo & Company raised Fiserv to a “hold” rating in a report on Wednesday, October 22nd. Barclays set a $175.00 price objective on Fiserv and gave the company an “overweight” rating in a report on Monday, July 28th. Finally, Truist Financial set a $143.00 price objective on Fiserv and gave the company a “buy” rating in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $181.89.

Fiserv Stock Performance

FI stock opened at $126.30 on Tuesday. 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 $130.79 and a 200 day moving average price of $154.90. 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 $68.66 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm had revenue of $4.32 billion during the quarter. Analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current 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.