Fiserv, Inc. $FI Holdings Increased by DSM Capital Partners LLC

DSM Capital Partners LLC grew its stake in shares of Fiserv, Inc. (NYSE:FI) by 15.9% during the second quarter, Holdings Channel reports. The institutional investor owned 1,140,649 shares of the business services provider’s stock after acquiring an additional 156,419 shares during the period. Fiserv makes up about 2.9% of DSM Capital Partners LLC’s holdings, making the stock its 11th largest position. DSM Capital Partners LLC’s holdings in Fiserv were worth $196,659,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Activest Wealth Management increased 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 in the last quarter. Abound Financial LLC acquired a new stake in Fiserv in the first quarter valued at approximately $38,000. Hager Investment Management Services LLC acquired a new stake in Fiserv in the second quarter valued at approximately $34,000. Christopher J. Hasenberg Inc lifted its stake in shares of Fiserv by 218.5% in the second 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. Finally, Armstrong Advisory Group Inc. lifted its stake in shares of Fiserv by 178.9% in the second 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. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FI shares. Stephens dropped their target price on shares of Fiserv from $240.00 to $180.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. JPMorgan Chase & Co. lowered their target price on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. UBS Group lowered 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. Robert W. Baird reduced their price target on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a research report on Thursday, July 24th. Finally, Wall Street Zen downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $204.46.

Fiserv Trading Down 2.5%

Shares of Fiserv stock opened at $122.85 on Friday. The firm has a 50-day moving average of $133.18 and a 200-day moving average of $162.38. The stock has a market cap of $66.78 billion, a PE ratio of 20.51, a PEG ratio of 0.82 and a beta of 0.95. Fiserv, Inc. has a 52-week low of $122.62 and a 52-week high of $238.59. 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 (NYSE:FI) last posted its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The business 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, sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current 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.