Elefante Mark B Has $4.70 Million Stake in Fiserv, Inc. $FI

Elefante Mark B cut its stake in Fiserv, Inc. (NYSE:FI) by 1.1% in the second quarter, HoldingsChannel.com reports. The fund owned 27,246 shares of the business services provider’s stock after selling 302 shares during the period. Fiserv accounts for 3.5% of Elefante Mark B’s holdings, making the stock its 10th biggest position. Elefante Mark B’s holdings in Fiserv were worth $4,697,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FI. Activest Wealth Management grew its stake 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 period. Hager Investment Management Services LLC bought a new stake in shares of Fiserv in the second quarter worth approximately $34,000. Christopher J. Hasenberg Inc grew 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 acquiring an additional 142 shares during the period. Armstrong Advisory Group Inc. grew 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 acquiring an additional 136 shares during the period. Finally, Abound Financial LLC purchased a new position in shares of Fiserv in the first quarter worth approximately $38,000. 90.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FI shares. Robert W. Baird dropped their price objective on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a report on Thursday, July 24th. KeyCorp dropped their price objective on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Fiserv in a report on Wednesday, October 8th. Susquehanna dropped their price objective on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a report on Thursday, July 24th. Finally, Truist Financial raised their price objective on shares of Fiserv from $181.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. One 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 given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $202.73.

Fiserv Price Performance

Shares of NYSE:FI opened at $122.55 on Tuesday. 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 company has a market capitalization of $66.62 billion, a P/E ratio of 20.46, a P/E/G ratio of 0.80 and a beta of 0.95. The firm’s 50 day simple moving average is $132.91 and its two-hundred day simple moving average is $160.91.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. The business had revenue of $4.32 billion for the quarter. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. Research analysts expect that Fiserv, Inc. will post 10.23 EPS 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.