Drucker Wealth 3.0 LLC Has $494,000 Position in Fiserv, Inc. $FI

Drucker Wealth 3.0 LLC lowered its position in Fiserv, Inc. (NYSE:FI) by 22.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,892 shares of the business services provider’s stock after selling 818 shares during the period. Drucker Wealth 3.0 LLC’s holdings in Fiserv were worth $494,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC increased its holdings 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 worth $610,000 after buying an additional 314 shares during the last quarter. Kathmere Capital Management LLC increased its holdings 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 worth $257,000 after buying an additional 106 shares during the last quarter. Gotham Asset Management LLC boosted its position in Fiserv by 5.4% during the first quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider’s stock worth $16,490,000 after purchasing an additional 3,809 shares during the period. Deltec Asset Management LLC bought a new stake in Fiserv during the second quarter worth approximately $1,034,000. Finally, Jacobs & Co. CA boosted its position in Fiserv by 26.5% during the second quarter. Jacobs & Co. CA now owns 53,993 shares of the business services provider’s stock worth $9,308,000 after purchasing an additional 11,322 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of NYSE FI opened at $122.85 on Friday. The business has a fifty day simple moving average of $133.18 and a 200 day simple moving average of $161.97. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $66.78 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 0.80 and a beta of 0.95. Fiserv, Inc. has a one year low of $122.62 and a one year high of $238.59.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The business had revenue of $4.32 billion during the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. Sell-side analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FI shares. Barclays set a $175.00 target price on Fiserv and gave the stock an “overweight” rating in a research report on Monday, July 28th. Raymond James Financial set a $167.00 target price on Fiserv and gave the stock an “outperform” rating in a research report on Friday. Jefferies Financial Group decreased their target price on Fiserv from $140.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fiserv in a research report on Wednesday. Finally, Stephens decreased their target price on Fiserv from $240.00 to $180.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.46.

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.