Fiserv, Inc. $FI Stock Holdings Increased by Assetmark Inc.

Assetmark Inc. raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 49.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,461 shares of the business services provider’s stock after acquiring an additional 45,047 shares during the period. Assetmark Inc.’s holdings in Fiserv were worth $23,527,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Arkadios Wealth Advisors raised its stake in Fiserv by 411.7% during the 2nd quarter. Arkadios Wealth Advisors now owns 12,859 shares of the business services provider’s stock valued at $2,217,000 after acquiring an additional 10,346 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in Fiserv during the 2nd quarter valued at $107,000. Daymark Wealth Partners LLC raised its stake in Fiserv by 33.2% during the 2nd quarter. Daymark Wealth Partners LLC now owns 2,674 shares of the business services provider’s stock valued at $461,000 after acquiring an additional 667 shares in the last quarter. Analyst IMS Investment Management Services Ltd. increased its position in shares of Fiserv by 14.9% during the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 14,670 shares of the business services provider’s stock valued at $2,530,000 after purchasing an additional 1,900 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Fiserv by 619,900.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 310,000 shares of the business services provider’s stock valued at $53,447,000 after purchasing an additional 309,950 shares during the period. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of NYSE FI opened at $66.57 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $36.19 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 0.56 and a beta of 0.95. The stock’s fifty day simple moving average is $126.20 and its 200 day simple moving average is $151.77. Fiserv, Inc. has a 52-week low of $64.52 and a 52-week high of $238.59.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. The business had revenue of $4.32 billion for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%. As a group, sell-side analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on FI. UBS Group set a $75.00 price target on Fiserv and gave the company a “neutral” rating in a research report on Thursday. Truist Financial cut Fiserv from a “buy” rating to a “hold” rating and lowered their price target for the company from $143.00 to $75.00 in a research report on Thursday. Wall Street Zen cut Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Oppenheimer reiterated an “outperform” rating and set a $91.00 price target on shares of Fiserv in a research report on Thursday. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Fiserv in a research report on Wednesday. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $131.95.

Fiserv 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.