Fiserv, Inc. $FI Shares Purchased by Prospera Financial Services Inc

Prospera Financial Services Inc boosted its holdings in Fiserv, Inc. (NYSE:FI) by 29.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,616 shares of the business services provider’s stock after acquiring an additional 2,404 shares during the period. Prospera Financial Services Inc’s holdings in Fiserv were worth $1,830,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Sowell Financial Services LLC increased its stake in shares of Fiserv by 9.7% in the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock valued at $610,000 after purchasing an additional 314 shares during the period. Dillon & Associates Inc. grew its holdings in Fiserv by 9.1% in the 2nd quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock worth $15,234,000 after buying an additional 7,419 shares in the last quarter. Ipsen Advisor Group LLC acquired a new stake in Fiserv in the 2nd quarter valued at approximately $759,000. Kathmere Capital Management LLC raised its stake in Fiserv by 7.7% during the 2nd quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider’s stock valued at $257,000 after acquiring an additional 106 shares in the last quarter. Finally, Atlantic Union Bankshares Corp boosted its position in Fiserv by 80.6% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 2,438 shares of the business services provider’s stock worth $420,000 after acquiring an additional 1,088 shares during the period. 90.98% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Lance M. Fritz bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the purchase, the director directly owned 13,086 shares in the company, valued at $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.74% of the stock is currently owned by insiders.

Fiserv Trading Down 0.1%

Fiserv stock opened at $63.66 on Wednesday. Fiserv, Inc. has a 52 week low of $60.95 and a 52 week high of $238.59. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.08. The firm has a market capitalization of $34.24 billion, a PE ratio of 9.84, a PEG ratio of 0.56 and a beta of 0.90. The business’s 50-day simple moving average is $115.84 and its 200-day simple moving average is $144.14.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FI. BTIG Research lowered Fiserv from a “buy” rating to a “neutral” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. lowered their target price on shares of Fiserv from $155.00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Mizuho set a $145.00 price target on shares of Fiserv and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Argus reiterated a “hold” rating on shares of Fiserv in a report on Thursday, October 30th. Finally, Robert W. Baird dropped their target price on Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a report on Thursday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $127.28.

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.