IFP Advisors Inc Buys 2,704 Shares of Fiserv, Inc. $FI

IFP Advisors Inc grew its stake in shares of Fiserv, Inc. (NYSE:FI) by 33.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,824 shares of the business services provider’s stock after buying an additional 2,704 shares during the period. IFP Advisors Inc’s holdings in Fiserv were worth $1,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of FI. Brighton Jones LLC raised its position in shares of Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after buying an additional 2,033 shares during the last quarter. Bison Wealth LLC raised its position in shares of Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after buying an additional 116 shares during the last quarter. Simon Quick Advisors LLC raised its position in shares of Fiserv by 46.8% during the first quarter. Simon Quick Advisors LLC now owns 2,762 shares of the business services provider’s stock valued at $610,000 after buying an additional 880 shares during the last quarter. Thomasville National Bank bought a new stake in shares of Fiserv during the first quarter valued at approximately $254,000. Finally, CVA Family Office LLC raised its position in shares of Fiserv by 2.5% during the first quarter. CVA Family Office LLC now owns 2,709 shares of the business services provider’s stock valued at $598,000 after buying an additional 65 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FI shares. UBS Group cut their target price on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a report on Friday, July 25th. Susquehanna cut their target price on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a report on Thursday, July 24th. Wall Street Zen lowered shares of Fiserv from a “buy” rating to a “hold” rating in a report on Saturday. Monness Crespi & Hardt raised shares of Fiserv from a “sell” rating to a “neutral” rating in a report on Monday, July 21st. Finally, Robert W. Baird cut their target price on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a 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 assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $204.46.

Fiserv Stock Down 2.5%

NYSE FI opened at $122.85 on Friday. 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 company has a fifty day moving average of $133.18 and a two-hundred day moving average of $161.97. 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 52 week low of $122.62 and a 52 week high of $238.59.

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