Logan Capital Management Inc. Has $8.98 Million Holdings in Fiserv, Inc. $FI

Logan Capital Management Inc. decreased its position in shares of Fiserv, Inc. (NYSE:FI) by 31.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,072 shares of the business services provider’s stock after selling 23,773 shares during the period. Logan Capital Management Inc.’s holdings in Fiserv were worth $8,978,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of FI. Activest Wealth Management increased its holdings in Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 126 shares in the last quarter. Hager Investment Management Services LLC bought a new stake in shares of Fiserv during the second quarter worth $34,000. Christopher J. Hasenberg Inc increased its stake 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 buying an additional 142 shares in the last quarter. Armstrong Advisory Group Inc. raised its holdings 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 buying an additional 136 shares during the last quarter. Finally, Abound Financial LLC acquired a new position in Fiserv during the 1st quarter worth about $38,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 0.9%

NYSE:FI opened at $126.30 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a 1-year low of $117.84 and a 1-year high of $238.59. The firm has a market capitalization of $68.66 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 0.83 and a beta of 0.95. The business’s 50-day moving average price is $130.79 and its two-hundred day moving average price is $154.90.

Fiserv (NYSE:FI) last posted its 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, equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analysts Set New Price Targets

FI has been the subject of several research reports. Robert W. Baird lowered their price objective 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. UBS Group reduced their price objective on Fiserv from $225.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, July 25th. Wells Fargo & Company upgraded Fiserv to a “hold” rating in a research report on Wednesday, October 22nd. Wall Street Zen downgraded Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Finally, The Goldman Sachs Group decreased their price target on Fiserv from $192.00 to $149.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and a consensus price target of $181.89.

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.