Vanguard Personalized Indexing Management LLC Acquires 10,082 Shares of Fiserv, Inc. $FI

Vanguard Personalized Indexing Management LLC increased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 15.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,254 shares of the business services provider’s stock after acquiring an additional 10,082 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Fiserv were worth $12,984,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of FI. Activest Wealth Management increased its holdings in shares of 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 acquiring an additional 126 shares in the last quarter. Hager Investment Management Services LLC bought a new position in shares of Fiserv during the second quarter valued at $34,000. Christopher J. Hasenberg Inc increased its holdings in shares of 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 acquiring an additional 142 shares in the last quarter. Armstrong Advisory Group Inc. lifted its stake in shares of Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after buying an additional 136 shares in the last quarter. Finally, Abound Financial LLC bought a new position in shares of Fiserv in the first quarter worth approximately $38,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Down 2.5%

Fiserv stock opened at $122.85 on Friday. The business has a 50-day simple moving average of $133.18 and a two-hundred day simple moving average of $161.97. The company has a market cap of $66.78 billion, a P/E ratio of 20.51, a P/E/G ratio of 0.80 and a beta of 0.95. Fiserv, Inc. has a 52-week low of $122.62 and a 52-week high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI) last released its quarterly earnings results 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 19.69% and a net margin of 16.00%. Analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FI shares. Morgan Stanley dropped their target price on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating on the stock in a research note on Monday, July 21st. JPMorgan Chase & Co. dropped their target price on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fiserv in a research note on Wednesday. Susquehanna dropped their target price on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a research note on Thursday, July 24th. Finally, Monness Crespi & Hardt upgraded shares of Fiserv from a “sell” rating to a “neutral” rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $204.46.

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.