WESPAC Advisors SoCal LLC Buys 4,563 Shares of Fiserv, Inc. $FI

WESPAC Advisors SoCal LLC lifted its stake in Fiserv, Inc. (NYSE:FI) by 96.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 9,316 shares of the business services provider’s stock after purchasing an additional 4,563 shares during the quarter. WESPAC Advisors SoCal LLC’s holdings in Fiserv were worth $1,606,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. E Fund Management Co. Ltd. raised its stake in shares of Fiserv by 3.9% in the first quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock worth $323,000 after buying an additional 55 shares during the period. Oakworth Capital Inc. lifted its holdings in Fiserv by 5.6% in the 1st quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider’s stock worth $235,000 after purchasing an additional 56 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in Fiserv by 6.4% in the 1st quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock worth $206,000 after purchasing an additional 56 shares during the period. Pinnacle Associates Ltd. boosted its stake in Fiserv by 0.3% in the 1st quarter. Pinnacle Associates Ltd. now owns 16,794 shares of the business services provider’s stock worth $3,709,000 after purchasing an additional 57 shares during the period. Finally, PDS Planning Inc grew its holdings in Fiserv by 1.7% during the 1st quarter. PDS Planning Inc now owns 3,421 shares of the business services provider’s stock valued at $755,000 after buying an additional 58 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FI. Robert W. Baird dropped their target price on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. Stephens dropped their price objective on shares of Fiserv from $180.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, October 16th. Jefferies Financial Group cut their price objective on Fiserv from $130.00 to $125.00 and set a “hold” rating for the company in a research report on Monday, October 13th. KeyCorp dropped their price target on Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Finally, BTIG Research set a $180.00 price target on Fiserv and gave the company a “buy” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $196.11.

Fiserv Stock Performance

NYSE:FI opened at $124.17 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 $117.84 and a 1 year high of $238.59. The stock’s 50 day simple moving average is $131.76 and its two-hundred day simple moving average is $157.58. The company has a market cap 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 (NYSE:FI) last announced its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The firm 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, equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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.