SFE Investment Counsel Purchases 7,960 Shares of Fiserv, Inc. $FI

SFE Investment Counsel increased its position in shares of Fiserv, Inc. (NYSE:FI) by 26.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 37,529 shares of the business services provider’s stock after purchasing an additional 7,960 shares during the quarter. SFE Investment Counsel’s holdings in Fiserv were worth $6,470,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. E Fund Management Co. Ltd. boosted its stake in shares of Fiserv by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock valued at $323,000 after purchasing an additional 55 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Fiserv by 6.4% during the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock worth $206,000 after buying an additional 56 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in Fiserv by 0.3% in the first quarter. Pinnacle Associates Ltd. now owns 16,794 shares of the business services provider’s stock valued at $3,709,000 after buying an additional 57 shares during the period. LaSalle St. Investment Advisors LLC boosted its stake in Fiserv by 5.1% in the first quarter. LaSalle St. Investment Advisors LLC now owns 1,273 shares of the business services provider’s stock valued at $281,000 after acquiring an additional 62 shares during the last quarter. Finally, SageView Advisory Group LLC grew its holdings in Fiserv by 4.0% during the 1st quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock worth $353,000 after acquiring an additional 62 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on FI. TD Cowen downgraded Fiserv from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a research note on Thursday, October 30th. Jefferies Financial Group dropped their price objective on Fiserv from $130.00 to $125.00 and set a “hold” rating for the company in a report on Monday, October 13th. William Blair cut Fiserv from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 29th. Truist Financial cut Fiserv from a “buy” rating to a “hold” rating and lowered their price target for the company from $143.00 to $75.00 in a research note on Thursday, October 30th. Finally, Compass Point downgraded shares of Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 price target on the stock. in a research report on Wednesday, October 29th. Eleven investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Fiserv currently has an average rating of “Hold” and a consensus price target of $127.28.

Fiserv Trading Up 3.2%

NYSE FI opened at $63.60 on Friday. Fiserv, Inc. has a one year low of $60.95 and a one year high of $238.59. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09. The firm has a market cap of $34.21 billion, a P/E ratio of 9.83, a P/E/G ratio of 0.56 and a beta of 0.90. The stock’s 50-day moving average is $118.79 and its 200-day moving average is $146.23.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. The business had revenue of $4.32 billion during the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%. Sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In related news, Director Lance M. Fritz acquired 10,000 shares of the stock in a transaction dated Thursday, October 30th. The stock was bought at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the transaction, the director directly owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. The trade was a 324.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.74% of the stock is owned by company insiders.

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.