Ingalls & Snyder LLC Has $240,000 Stock Position in Fiserv, Inc. $FI

Ingalls & Snyder LLC cut its stake in Fiserv, Inc. (NYSE:FI) by 10.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,394 shares of the business services provider’s stock after selling 157 shares during the period. Ingalls & Snyder LLC’s holdings in Fiserv were worth $240,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FI. Activest Wealth Management increased its position in shares of Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after buying an additional 126 shares during the period. Abound Financial LLC acquired a new position in Fiserv in the first quarter valued at $38,000. Hager Investment Management Services LLC bought a new stake in Fiserv during the second quarter valued at $34,000. Christopher J. Hasenberg Inc grew its holdings in Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after acquiring an additional 142 shares during the period. Finally, Armstrong Advisory Group Inc. raised its position in shares of Fiserv by 178.9% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after acquiring an additional 136 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on FI shares. Susquehanna decreased their target price on Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a research note on Thursday, July 24th. BTIG Research set a $180.00 price objective on shares of Fiserv and gave the stock a “buy” rating in a research report on Friday, October 17th. Wells Fargo & Company upgraded shares of Fiserv to a “hold” rating in a research note on Wednesday, October 22nd. TD Cowen cut their target price on shares of Fiserv from $188.00 to $177.00 and set a “buy” rating on the stock in a research note on Friday, October 17th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Fiserv from $190.00 to $155.00 and set an “overweight” rating for the company in a research note on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $181.89.

Fiserv Price Performance

Shares of NYSE FI opened at $126.30 on Tuesday. The stock has a market cap of $68.66 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 0.83 and a beta of 0.95. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. Fiserv, Inc. has a fifty-two week low of $117.84 and a fifty-two week high of $238.59. The firm’s 50-day simple moving average is $130.79 and its 200 day simple moving average is $154.90.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The firm 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%. As a group, research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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.