Tributary Capital Management LLC Acquires 250 Shares of Fiserv, Inc. $FI

Tributary Capital Management LLC raised its position in Fiserv, Inc. (NYSE:FI) by 9.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,880 shares of the business services provider’s stock after acquiring an additional 250 shares during the quarter. Tributary Capital Management LLC’s holdings in Fiserv were worth $497,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FI. Activest Wealth Management lifted its holdings in Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 126 shares during the period. Hager Investment Management Services LLC bought a new position in Fiserv in the second quarter valued at about $34,000. Christopher J. Hasenberg Inc lifted its holdings in Fiserv by 218.5% in the second 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 during the period. Armstrong Advisory Group Inc. lifted its holdings in Fiserv by 178.9% in the second 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 in the first quarter valued at about $38,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

NYSE:FI opened at $123.97 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a 12-month low of $117.84 and a 12-month high of $238.59. The stock has a 50-day moving average price of $131.24 and a 200 day moving average price of $156.63. The stock has a market capitalization of $67.39 billion, a P/E ratio of 20.70, a P/E/G ratio of 0.83 and a beta of 0.95.

Fiserv (NYSE:FI) last released 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 during the quarter. Equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. The Goldman Sachs Group lowered their target price on Fiserv from $192.00 to $149.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Robert W. Baird decreased their price objective on Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a research note on Thursday, July 24th. Citigroup raised Fiserv to a “hold” rating in a research note on Thursday. Jefferies Financial Group decreased their price objective on Fiserv from $130.00 to $125.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Finally, Mizuho decreased their price objective on Fiserv from $194.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $183.44.

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.