Keeler Thomas Management LLC Decreases Holdings in Fiserv, Inc. $FI

Keeler Thomas Management LLC decreased its position in Fiserv, Inc. (NYSE:FI) by 64.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 6,551 shares of the business services provider’s stock after selling 12,072 shares during the period. Keeler Thomas Management LLC’s holdings in Fiserv were worth $1,129,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Activest Wealth Management grew its holdings 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 worth $29,000 after purchasing an additional 126 shares during the last quarter. Abound Financial LLC bought a new stake in Fiserv in the first quarter valued at $38,000. Hager Investment Management Services LLC bought a new stake in Fiserv in the second quarter valued at $34,000. Christopher J. Hasenberg Inc boosted its holdings in 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 in the last quarter. Finally, Armstrong Advisory Group Inc. boosted its holdings in 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 in the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of FI stock opened at $125.12 on Friday. Fiserv, Inc. has a 12 month low of $117.84 and a 12 month high of $238.59. The stock 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. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The company’s fifty day moving average price is $131.01 and its 200-day moving average price is $156.15.

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

Analyst Ratings Changes

Several research firms recently weighed in on FI. UBS Group cut their price target on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, July 25th. Susquehanna cut their price target on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a report on Thursday, July 24th. Raymond James Financial set a $167.00 price target on shares of Fiserv and gave the company an “outperform” rating in a report on Friday, October 10th. Mizuho cut their price target on shares of Fiserv from $194.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, July 29th. Finally, KeyCorp reiterated an “overweight” rating and issued a $145.00 price target on shares of Fiserv in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $181.89.

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.