Fiserv, Inc. $FI Shares Purchased by Cypress Wealth Services LLC

Cypress Wealth Services LLC increased its stake in shares of Fiserv, Inc. (NYSE:FIFree Report) by 57.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,355 shares of the business services provider’s stock after purchasing an additional 857 shares during the quarter. Cypress Wealth Services LLC’s holdings in Fiserv were worth $406,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Equitable Trust Co. lifted its holdings in shares of Fiserv by 52.1% during the second quarter. Equitable Trust Co. now owns 15,504 shares of the business services provider’s stock worth $2,673,000 after purchasing an additional 5,313 shares during the period. Wilmington Savings Fund Society FSB boosted its position in shares of Fiserv by 58.9% during the 2nd quarter. Wilmington Savings Fund Society FSB now owns 31,930 shares of the business services provider’s stock worth $5,505,000 after purchasing an additional 11,837 shares in the last quarter. Kiker Wealth Management LLC boosted its position in shares of Fiserv by 47.1% during the 2nd quarter. Kiker Wealth Management LLC now owns 1,106 shares of the business services provider’s stock worth $191,000 after purchasing an additional 354 shares in the last quarter. RFG Advisory LLC boosted its position in shares of Fiserv by 14.0% during the 2nd quarter. RFG Advisory LLC now owns 1,422 shares of the business services provider’s stock worth $245,000 after purchasing an additional 175 shares in the last quarter. Finally, Moran Wealth Management LLC boosted its position in shares of Fiserv by 2.1% during the 2nd quarter. Moran Wealth Management LLC now owns 44,350 shares of the business services provider’s stock worth $7,646,000 after purchasing an additional 922 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FI has been the topic of several research analyst reports. Morgan Stanley decreased their target price on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating on the stock in a research report on Monday, July 21st. Mizuho decreased their target price on shares of Fiserv from $194.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 29th. Barclays set a $175.00 target price on shares of 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 shares of Fiserv and gave the stock an “outperform” rating in a research report on Friday. Finally, Truist Financial boosted their target price on shares of Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $202.73.

View Our Latest Report on FI

Fiserv Price Performance

Fiserv stock opened at $124.00 on Wednesday. Fiserv, Inc. has a 52 week low of $121.40 and a 52 week high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The firm’s 50-day simple moving average is $132.70 and its 200 day simple moving average is $160.65. The firm has a market capitalization of $67.40 billion, a PE ratio of 20.70, a P/E/G ratio of 0.80 and a beta of 0.95.

Fiserv (NYSE:FIGet Free Report) last released its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business had revenue of $4.32 billion for the quarter. On average, equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding FI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NYSE:FIFree Report).

Institutional Ownership by Quarter for Fiserv (NYSE:FI)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.