Fiserv, Inc. $FI Shares Acquired by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. raised its stake in shares of Fiserv, Inc. (NYSE:FI) by 249.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,793 shares of the business services provider’s stock after purchasing an additional 11,279 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Fiserv were worth $2,723,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FI. Nuveen LLC acquired a new position in Fiserv during the 1st quarter valued at approximately $1,722,584,000. JPMorgan Chase & Co. increased its stake in Fiserv by 77.2% during the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock valued at $3,390,793,000 after purchasing an additional 6,691,703 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Fiserv by 939.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock valued at $351,550,000 after purchasing an additional 1,842,784 shares in the last quarter. Swedbank AB increased its stake in Fiserv by 366.0% during the 2nd quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock valued at $273,916,000 after purchasing an additional 1,247,801 shares in the last quarter. Finally, GQG Partners LLC acquired a new position in Fiserv during the 1st quarter valued at approximately $265,769,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

FI has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft set a $122.00 price objective on shares of Fiserv in a research note on Thursday. The Goldman Sachs Group cut their price objective on shares of Fiserv from $192.00 to $149.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Susquehanna cut their price objective 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. Morgan Stanley cut their price objective 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. Finally, Robert W. Baird cut their price objective on shares of Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $196.11.

Fiserv Stock Up 3.2%

FI stock opened at $121.78 on Monday. The firm has a market cap of $66.20 billion, a PE ratio of 20.33, a P/E/G ratio of 0.79 and a beta of 0.95. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. The firm’s fifty day moving average is $131.92 and its 200 day moving average is $158.10. Fiserv, Inc. has a one year low of $117.84 and a one year high of $238.59.

Fiserv (NYSE:FI) last released 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 forecast that Fiserv, Inc. will post 10.23 EPS for the current 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.