Lafayette Investments Inc. Cuts Position in Fiserv, Inc. $FI

Lafayette Investments Inc. reduced its position in Fiserv, Inc. (NYSE:FI) by 39.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,288 shares of the business services provider’s stock after selling 1,500 shares during the period. Lafayette Investments Inc.’s holdings in Fiserv were worth $394,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Activest Wealth Management lifted its position in Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after buying an additional 126 shares in the last quarter. Hager Investment Management Services LLC purchased a new position in shares of Fiserv in the 2nd quarter valued at $34,000. Christopher J. Hasenberg Inc lifted its holdings in shares of Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 142 shares in the last quarter. Armstrong Advisory Group Inc. boosted its position in Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after purchasing an additional 136 shares during the period. Finally, Abound Financial LLC acquired a new stake in Fiserv in the 1st quarter valued at $38,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of FI stock opened at $124.17 on Tuesday. The stock has a market capitalization of $67.50 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 0.79 and a beta of 0.95. Fiserv, Inc. has a one year low of $117.84 and a one year high of $238.59. The company’s 50-day simple moving average is $131.76 and its 200-day simple moving average is $157.58. 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 announced its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The firm had revenue of $4.32 billion during the quarter. Equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group decreased their target price on Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, July 25th. TD Cowen reduced their price target on Fiserv from $188.00 to $177.00 and set a “buy” rating on the stock in a research report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fiserv in a research report on Wednesday, October 8th. 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 research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. One 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 stock. According to data from MarketBeat.com, the stock currently 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.