Carrera Capital Advisors Has $215,000 Stake in Fiserv, Inc. $FI

Carrera Capital Advisors decreased its position in Fiserv, Inc. (NYSE:FI) by 12.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,249 shares of the business services provider’s stock after selling 177 shares during the period. Carrera Capital Advisors’ holdings in Fiserv were worth $215,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Activest Wealth Management increased its position 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 valued at $29,000 after acquiring an additional 126 shares during the last quarter. Abound Financial LLC acquired a new stake in shares of Fiserv in the first quarter valued at about $38,000. Hager Investment Management Services LLC acquired a new stake in shares of Fiserv in the second quarter valued at about $34,000. Christopher J. Hasenberg Inc increased its position 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 valued at $36,000 after acquiring an additional 142 shares during the last quarter. Finally, Armstrong Advisory Group Inc. increased its position 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 valued at $37,000 after acquiring an additional 136 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group lowered their target price on Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, July 25th. Stephens reduced their price target on Fiserv from $180.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, October 16th. The Goldman Sachs Group reduced their price target on Fiserv from $192.00 to $149.00 and set a “buy” rating for the company in a report on Monday, October 13th. Monness Crespi & Hardt upgraded Fiserv from a “sell” rating to a “neutral” rating in a report on Monday, July 21st. Finally, Jefferies Financial Group reduced their price target on Fiserv from $130.00 to $125.00 and set a “hold” rating for the company in a report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $181.89.

Fiserv Price Performance

Fiserv stock opened at $125.12 on Friday. The stock’s fifty day moving average price is $131.01 and its two-hundred day moving average price is $156.15. Fiserv, Inc. has a one year low of $117.84 and a one year high of $238.59. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $68.01 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 EPS 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 for the quarter. As a group, research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv 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.