AlphaQuest LLC Raises Stock Position in Fiserv, Inc. $FI

AlphaQuest LLC lifted its position in Fiserv, Inc. (NYSE:FI) by 53.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,891 shares of the business services provider’s stock after purchasing an additional 2,413 shares during the period. AlphaQuest LLC’s holdings in Fiserv were worth $1,188,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Activest Wealth Management lifted its holdings in shares of Fiserv by 3,150.0% in the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after buying an additional 126 shares during the period. Hager Investment Management Services LLC purchased a new position in shares of Fiserv during the second quarter valued at $34,000. Christopher J. Hasenberg Inc raised its holdings in shares of 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 in the last quarter. Armstrong Advisory Group Inc. lifted its stake in 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 acquiring an additional 136 shares during the period. Finally, Abound Financial LLC bought a new position in Fiserv during the 1st quarter worth about $38,000. Institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. BTIG Research set a $180.00 price target on Fiserv and gave the stock a “buy” rating in a research report on Friday, October 17th. TD Cowen cut their target price on Fiserv from $188.00 to $177.00 and set a “buy” rating on the stock in a research note on Friday, October 17th. JPMorgan Chase & Co. decreased their price target on shares of Fiserv from $190.00 to $155.00 and set an “overweight” rating for the company in a research report on Thursday. Raymond James Financial set a $167.00 price target on shares of Fiserv and gave the company an “outperform” rating in a report on Friday, October 10th. Finally, Citigroup upgraded shares of Fiserv to a “hold” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Fiserv has an average rating of “Moderate Buy” and an average target price of $181.89.

Fiserv Stock Performance

FI opened at $125.12 on Friday. The company has a market cap of $68.01 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The firm’s 50-day moving average price is $131.01 and its 200-day moving average price is $155.88. Fiserv, Inc. has a 52-week low of $117.84 and a 52-week high of $238.59.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business had revenue of $4.32 billion during the quarter. As a group, equities analysts anticipate 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.