Whittier Trust Co. Raises Holdings in Fiserv, Inc. $FI

Whittier Trust Co. lifted its stake in Fiserv, Inc. (NYSE:FI) by 99.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,613 shares of the business services provider’s stock after buying an additional 3,300 shares during the quarter. Whittier Trust Co.’s holdings in Fiserv were worth $1,140,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Sowell Financial Services LLC boosted its position in Fiserv by 9.7% during the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock worth $610,000 after purchasing an additional 314 shares in the last quarter. Kathmere Capital Management LLC boosted its position in Fiserv by 7.7% during the second quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider’s stock worth $257,000 after purchasing an additional 106 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in Fiserv by 8.3% during the second quarter. Verdence Capital Advisors LLC now owns 40,454 shares of the business services provider’s stock worth $6,975,000 after purchasing an additional 3,097 shares in the last quarter. Gotham Asset Management LLC boosted its position in Fiserv by 5.4% during the first quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider’s stock worth $16,490,000 after purchasing an additional 3,809 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its position in Fiserv by 249.9% during the second quarter. Stratos Wealth Partners LTD. now owns 15,793 shares of the business services provider’s stock worth $2,723,000 after purchasing an additional 11,279 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the topic of a number of recent analyst reports. Citigroup initiated coverage on Fiserv in a research report on Wednesday. They set a “neutral” rating and a $128.00 price target on the stock. Jefferies Financial Group lowered their price target on Fiserv from $130.00 to $125.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Truist Financial raised their target price on Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Stephens decreased their target price on Fiserv from $180.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, October 16th. Finally, Morgan Stanley decreased their target price on Fiserv from $268.00 to $266.00 and set an “overweight” rating on the stock in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $184.74.

Fiserv Stock Performance

Shares of Fiserv stock opened at $125.31 on Thursday. Fiserv, Inc. has a one year low of $117.84 and a one year high of $238.59. The company has a market cap of $68.12 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 0.84 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. The business’s 50 day moving average price is $131.45 and its 200 day moving average price is $157.14.

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