Koshinski Asset Management Inc. Has $1.37 Million Stock Holdings in Fiserv, Inc. $FI

Koshinski Asset Management Inc. decreased its stake in Fiserv, Inc. (NYSE:FI) by 17.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,929 shares of the business services provider’s stock after selling 1,695 shares during the period. Koshinski Asset Management Inc.’s holdings in Fiserv were worth $1,367,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Stratos Wealth Partners LTD. grew its stake in Fiserv by 249.9% in the second quarter. Stratos Wealth Partners LTD. now owns 15,793 shares of the business services provider’s stock valued at $2,723,000 after purchasing an additional 11,279 shares in the last quarter. Angeles Wealth Management LLC boosted its holdings in shares of Fiserv by 3.5% in the 2nd quarter. Angeles Wealth Management LLC now owns 3,341 shares of the business services provider’s stock valued at $576,000 after buying an additional 114 shares during the last quarter. Smithbridge Asset Management Inc. DE grew its stake in shares of Fiserv by 1.0% in the second quarter. Smithbridge Asset Management Inc. DE now owns 49,602 shares of the business services provider’s stock valued at $8,552,000 after buying an additional 471 shares in the last quarter. Nordea Investment Management AB increased its holdings in Fiserv by 12.1% during the second quarter. Nordea Investment Management AB now owns 1,925,448 shares of the business services provider’s stock worth $329,386,000 after buying an additional 208,064 shares during the last quarter. Finally, Empirical Asset Management LLC raised its position in Fiserv by 16.5% during the second quarter. Empirical Asset Management LLC now owns 1,293 shares of the business services provider’s stock worth $223,000 after acquiring an additional 183 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Fiserv stock opened at $121.78 on Friday. The company has a market capitalization of $66.20 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 0.79 and a beta of 0.95. The stock’s 50 day moving average is $131.92 and its 200-day moving average is $158.51. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a 12 month low of $117.84 and a 12 month high of $238.59.

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

Analyst Ratings Changes

FI has been the subject of a number of analyst reports. Truist Financial lifted their price objective on shares of Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Raymond James Financial set a $167.00 price target on Fiserv and gave the stock an “outperform” rating in a report on Friday, October 10th. 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. Monness Crespi & Hardt raised Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. Finally, Deutsche Bank Aktiengesellschaft set a $122.00 target price on Fiserv in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.11.

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.