Journey Advisory Group LLC Cuts Stake in Fiserv, Inc. $FI

Journey Advisory Group LLC reduced its stake in shares of Fiserv, Inc. (NYSE:FI) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,576 shares of the business services provider’s stock after selling 118 shares during the quarter. Journey Advisory Group LLC’s holdings in Fiserv were worth $789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Schnieders Capital Management LLC grew its holdings in Fiserv by 21.0% during the 2nd quarter. Schnieders Capital Management LLC now owns 2,782 shares of the business services provider’s stock valued at $480,000 after buying an additional 483 shares in the last quarter. Cidel Asset Management Inc. boosted its position in shares of Fiserv by 675.2% during the 2nd quarter. Cidel Asset Management Inc. now owns 10,791 shares of the business services provider’s stock valued at $1,860,000 after acquiring an additional 9,399 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Fiserv by 31.0% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,005 shares of the business services provider’s stock valued at $346,000 after acquiring an additional 474 shares during the last quarter. Palmer Knight Co boosted its position in shares of Fiserv by 5.1% during the 2nd quarter. Palmer Knight Co now owns 50,186 shares of the business services provider’s stock valued at $8,653,000 after acquiring an additional 2,445 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its position in shares of Fiserv by 249.9% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 15,793 shares of the business services provider’s stock valued at $2,723,000 after acquiring an additional 11,279 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FI has been the subject of a number of research reports. Jefferies Financial Group lowered their target price on Fiserv from $130.00 to $125.00 and set a “hold” rating for the company in a research report on Monday, October 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fiserv in a research report on Wednesday, October 8th. Mizuho lowered their target price on Fiserv from $194.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, July 29th. JPMorgan Chase & Co. lowered their target price on Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Finally, KeyCorp lowered their target price on Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $196.11.

Fiserv Stock Up 2.1%

Shares of FI opened at $124.17 on Tuesday. The company has a market cap of $67.50 billion, a PE ratio of 20.73, a P/E/G ratio of 0.79 and a beta of 0.95. The business has a fifty day moving average of $131.76 and a 200 day moving average of $157.58. Fiserv, Inc. has a 52-week low of $117.84 and a 52-week high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. The company 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%. On average, sell-side analysts expect 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.