Interchange Capital Partners LLC Purchases New Position in Fiserv, Inc. $FI

Interchange Capital Partners LLC purchased a new stake in Fiserv, Inc. (NYSE:FI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 386 shares of the business services provider’s stock, valued at approximately $67,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mutual Advisors LLC grew its stake in Fiserv by 19.8% in the 2nd quarter. Mutual Advisors LLC now owns 6,835 shares of the business services provider’s stock valued at $1,178,000 after buying an additional 1,129 shares during the last quarter. Twin Tree Management LP grew its stake in shares of Fiserv by 83.5% in the second quarter. Twin Tree Management LP now owns 15,690 shares of the business services provider’s stock valued at $2,705,000 after acquiring an additional 7,138 shares in the last quarter. Ritholtz Wealth Management grew its stake in shares of Fiserv by 11.7% in the second quarter. Ritholtz Wealth Management now owns 7,737 shares of the business services provider’s stock valued at $1,334,000 after acquiring an additional 810 shares in the last quarter. Curated Wealth Partners LLC grew its stake in shares of Fiserv by 19.3% in the second quarter. Curated Wealth Partners LLC now owns 3,796 shares of the business services provider’s stock valued at $654,000 after acquiring an additional 614 shares in the last quarter. Finally, Harbour Investments Inc. raised its stake in Fiserv by 2.6% in the 2nd quarter. Harbour Investments Inc. now owns 12,013 shares of the business services provider’s stock worth $2,071,000 after purchasing an additional 310 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

FI has been the subject of several analyst reports. UBS Group dropped their price objective on shares of Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, July 25th. JPMorgan Chase & Co. dropped their price objective on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Jefferies Financial Group dropped their price objective on shares of Fiserv from $140.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, September 29th. Robert W. Baird dropped their price objective on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research note on Thursday, July 24th. Finally, Barclays set a $175.00 price objective on shares of Fiserv and gave the stock an “overweight” rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $202.73.

Fiserv Price Performance

Shares of NYSE:FI opened at $124.00 on Wednesday. The firm has a 50 day moving average of $132.70 and a 200-day moving average of $160.65. The stock has a market capitalization of $67.40 billion, a PE ratio of 20.70, a PEG ratio of 0.80 and a beta of 0.95. 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 $121.40 and a 12 month high of $238.59.

Fiserv (NYSE:FI) last issued its 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 during the quarter. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. On average, equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

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.