Y Intercept Hong Kong Ltd Raises Stock Position in Fiserv, Inc. $FI

Y Intercept Hong Kong Ltd increased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 270.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,319 shares of the business services provider’s stock after purchasing an additional 44,048 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Fiserv were worth $10,400,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Brookwood Investment Group LLC purchased a new stake in shares of Fiserv during the second quarter worth about $301,000. Ashton Thomas Private Wealth LLC grew its holdings in Fiserv by 11.2% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 17,253 shares of the business services provider’s stock valued at $2,975,000 after buying an additional 1,738 shares in the last quarter. Solstein Capital LLC purchased a new stake in Fiserv during the 2nd quarter valued at approximately $43,000. Signature Wealth Management Group grew its stake in Fiserv by 2.1% during the second quarter. Signature Wealth Management Group now owns 11,250 shares of the business services provider’s stock valued at $1,940,000 after acquiring an additional 228 shares in the last quarter. Finally, Resonant Capital Advisors LLC grew its stake in Fiserv by 5.9% during the second quarter. Resonant Capital Advisors LLC now owns 3,154 shares of the business services provider’s stock valued at $544,000 after acquiring an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 0.9%

FI opened at $125.12 on Monday. The firm has a market cap of $68.01 billion, a P/E ratio of 20.89, a P/E/G ratio of 0.83 and a beta of 0.95. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average of $131.01 and a 200 day moving average of $155.49. Fiserv, Inc. has a 12 month low of $117.84 and a 12 month high of $238.59.

Fiserv (NYSE:FI) last announced its earnings results 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 forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on FI shares. JPMorgan Chase & Co. cut their target price on shares of Fiserv from $190.00 to $155.00 and set an “overweight” rating for the company in a research note on Thursday. Morgan Stanley cut their price objective on Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a research report on Monday, July 21st. Monness Crespi & Hardt upgraded Fiserv from a “sell” rating to a “neutral” rating in a report on Monday, July 21st. Raymond James Financial set a $167.00 price target on Fiserv and gave the company an “outperform” rating in a report on Friday, October 10th. Finally, Wall Street Zen cut Fiserv from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and an average price target of $181.89.

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.