Daymark Wealth Partners LLC Has $461,000 Holdings in Fiserv, Inc. $FI

Daymark Wealth Partners LLC raised its position in shares of Fiserv, Inc. (NYSE:FI) by 33.2% in the second quarter, HoldingsChannel.com reports. The firm owned 2,674 shares of the business services provider’s stock after purchasing an additional 667 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Fiserv were worth $461,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Activest Wealth Management increased its position 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 during the period. Hager Investment Management Services LLC bought a new stake in shares of Fiserv in the 2nd quarter valued at $34,000. Christopher J. Hasenberg Inc increased its stake in shares of Fiserv by 218.5% in 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. lifted its position in shares of Fiserv by 178.9% during the 2nd 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 period. Finally, Abound Financial LLC bought a new position in Fiserv during the first quarter worth $38,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

NYSE FI opened at $64.96 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. The company has a fifty day simple moving average of $127.66 and a 200 day simple moving average of $152.79. Fiserv, Inc. has a 12-month low of $64.52 and a 12-month high of $238.59. The company has a market cap of $35.31 billion, a P/E ratio of 10.04, a PEG ratio of 0.56 and a beta of 0.95.

Fiserv (NYSE:FI) last issued 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 19.47% and a net margin of 17.05%.The business had revenue of $4.32 billion for the quarter. Sell-side analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on FI shares. Barclays set a $175.00 price objective on shares of Fiserv and gave the company an “overweight” rating in a report on Monday, July 28th. Jefferies Financial Group decreased their target price on Fiserv from $130.00 to $125.00 and set a “hold” rating for the company in a research report on Monday, October 13th. Robert W. Baird decreased their target price on Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. Argus reaffirmed a “hold” rating on shares of Fiserv in a research report on Thursday. Finally, Compass Point lowered Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 target price for the company. in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Fiserv presently has an average rating of “Hold” and an average price target of $131.95.

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.