Hazlett Burt & Watson Inc. Purchases 1,720 Shares of Fiserv, Inc. $FI

Hazlett Burt & Watson Inc. grew its position in shares of Fiserv, Inc. (NYSE:FI) by 85.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,738 shares of the business services provider’s stock after purchasing an additional 1,720 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in Fiserv were worth $645,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in shares of Fiserv by 31.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 382,625 shares of the business services provider’s stock valued at $66,072,000 after purchasing an additional 92,501 shares during the last quarter. Mitchell Sinkler & Starr PA increased its position in shares of Fiserv by 17.0% during the 2nd quarter. Mitchell Sinkler & Starr PA now owns 1,799 shares of the business services provider’s stock valued at $310,000 after purchasing an additional 262 shares during the last quarter. Legal Advantage Investments Inc. increased its position in shares of Fiserv by 8.5% during the 2nd quarter. Legal Advantage Investments Inc. now owns 57,967 shares of the business services provider’s stock valued at $9,994,000 after purchasing an additional 4,550 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Fiserv by 15.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 75,254 shares of the business services provider’s stock valued at $12,984,000 after purchasing an additional 10,082 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its position in shares of Fiserv by 1.5% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 12,961 shares of the business services provider’s stock valued at $2,235,000 after purchasing an additional 191 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Price Performance

FI opened at $122.85 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. Fiserv, Inc. has a 52-week low of $122.62 and a 52-week high of $238.59. The stock has a market capitalization of $66.78 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 0.80 and a beta of 0.95. The stock’s 50 day moving average price is $133.18 and its 200-day moving average price is $161.56.

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. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The firm had revenue of $4.32 billion for the quarter. On average, equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FI shares. Truist Financial increased their target price on Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Stephens dropped their target price on Fiserv from $240.00 to $180.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. KeyCorp dropped their target price on Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. UBS Group dropped their target price on Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a report on Friday, July 25th. Finally, Susquehanna dropped their target price on Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and an average 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.