Mitchell Sinkler & Starr PA Buys 262 Shares of Fiserv, Inc. $FI

Mitchell Sinkler & Starr PA raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 17.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,799 shares of the business services provider’s stock after purchasing an additional 262 shares during the quarter. Mitchell Sinkler & Starr PA’s holdings in Fiserv were worth $310,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Activest Wealth Management lifted its position in Fiserv by 3,150.0% during the first 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 last quarter. Abound Financial LLC bought a new position in Fiserv during the first quarter valued at $38,000. Hager Investment Management Services LLC bought a new position in Fiserv during the second quarter valued at $34,000. Christopher J. Hasenberg Inc lifted its position in Fiserv by 218.5% during the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 142 shares during the last quarter. Finally, Armstrong Advisory Group Inc. lifted its position in Fiserv by 178.9% during the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 136 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Down 2.5%

FI stock opened at $122.85 on Friday. The company has a market capitalization of $66.78 billion, a PE ratio of 20.51, a P/E/G ratio of 0.80 and a beta of 0.95. Fiserv, Inc. has a 12 month low of $122.62 and a 12 month high of $238.59. The firm’s 50-day moving average is $133.18 and its 200 day moving average is $161.97. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The company had revenue of $4.32 billion for the quarter. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. On average, research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Wall Street Analyst Weigh In

FI has been the subject of several research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fiserv in a research report on Thursday, July 17th. They set a “buy” rating and a $200.00 price objective for the company. KeyCorp reduced their target price on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Monness Crespi & Hardt raised shares of Fiserv from a “sell” rating to a “neutral” rating in a research note on Monday, July 21st. Wall Street Zen downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Barclays set a $175.00 target price on shares of Fiserv and gave the company an “overweight” rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $204.46.

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.