Kiker Wealth Management LLC Raises Position in Fiserv, Inc. $FI

Kiker Wealth Management LLC raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 47.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,106 shares of the business services provider’s stock after acquiring an additional 354 shares during the quarter. Kiker Wealth Management LLC’s holdings in Fiserv were worth $191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Activest Wealth Management raised its position in shares of Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 126 shares during the period. Hager Investment Management Services LLC bought a new stake in shares of Fiserv in the 2nd quarter worth about $34,000. Christopher J. Hasenberg Inc increased 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 worth $36,000 after buying an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. increased its holdings 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 buying an additional 136 shares during the last quarter. Finally, Abound Financial LLC bought a new stake in shares of Fiserv in the 1st quarter worth about $38,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Price Performance

Fiserv stock opened at $122.55 on Tuesday. The stock has a market cap of $66.62 billion, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 0.80 and a beta of 0.95. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. Fiserv, Inc. has a 1 year low of $121.93 and a 1 year high of $238.59. The firm has a 50-day moving average of $132.91 and a two-hundred day moving average of $160.91.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (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, research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FI. UBS Group reduced their target price on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, July 25th. Barclays set a $175.00 target price on shares of Fiserv and gave the stock an “overweight” rating in a report on Monday, July 28th. The Goldman Sachs Group reduced their target price on shares of Fiserv from $192.00 to $149.00 and set a “buy” rating on the stock in a report on Monday. Monness Crespi & Hardt raised shares of Fiserv from a “sell” rating to a “neutral” rating in a research note on Monday, July 21st. Finally, KeyCorp dropped their price target on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.73.

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.