Ironwood Investment Counsel LLC Increases Stock Holdings in Fiserv, Inc. $FI

Ironwood Investment Counsel LLC boosted its holdings in Fiserv, Inc. (NYSE:FI) by 14.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 45,207 shares of the business services provider’s stock after buying an additional 5,596 shares during the quarter. Fiserv comprises approximately 1.2% of Ironwood Investment Counsel LLC’s investment portfolio, making the stock its 20th biggest holding. Ironwood Investment Counsel LLC’s holdings in Fiserv were worth $7,794,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its position in shares of Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after acquiring an additional 126 shares during the last quarter. Hager Investment Management Services LLC acquired a new position in shares of Fiserv in the 2nd quarter valued at $34,000. Christopher J. Hasenberg Inc boosted its holdings in shares of Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. grew its stake in shares of Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after buying an additional 136 shares during the period. Finally, Golden State Wealth Management LLC increased its holdings in shares of Fiserv by 960.9% during the 2nd quarter. Golden State Wealth Management LLC now owns 244 shares of the business services provider’s stock worth $42,000 after buying an additional 221 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

FI has been the topic of a number of research reports. Royal Bank Of Canada set a $85.00 price objective on Fiserv and gave the stock an “outperform” rating in a report on Thursday, October 30th. UBS Group set a $75.00 price objective on shares of Fiserv and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Fiserv in a research note on Wednesday, October 8th. Wolfe Research reissued a “peer perform” rating on shares of Fiserv in a research report on Wednesday, October 29th. Finally, Wells Fargo & Company raised shares of Fiserv to a “hold” rating in a research report on Wednesday, October 22nd. Eleven equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Fiserv presently has a consensus rating of “Hold” and an average price target of $127.28.

Insider Transactions at Fiserv

In other Fiserv news, Director Lance M. Fritz acquired 10,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was purchased at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the acquisition, the director directly owned 13,086 shares in the company, valued at $852,945.48. This trade represents a 324.04% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.74% of the stock is owned by company insiders.

Fiserv Price Performance

Shares of FI stock opened at $63.66 on Wednesday. The firm has a market cap of $34.24 billion, a P/E ratio of 9.84, a P/E/G ratio of 0.56 and a beta of 0.90. The firm has a fifty day moving average of $115.84 and a two-hundred day moving average of $144.14. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09. Fiserv, Inc. has a 1-year low of $60.95 and a 1-year high of $238.59.

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