386 Shares in Fiserv, Inc. $FI Acquired by Interchange Capital Partners LLC

Interchange Capital Partners LLC bought a new position in Fiserv, Inc. (NYSE:FI) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 386 shares of the business services provider’s stock, valued at approximately $67,000.

Other hedge funds also recently bought and sold shares of the company. Sowell Financial Services LLC lifted its position in Fiserv by 9.7% in the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock worth $610,000 after buying an additional 314 shares during the last quarter. Kathmere Capital Management LLC increased its stake in Fiserv by 7.7% in the 2nd quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider’s stock worth $257,000 after purchasing an additional 106 shares during the period. Verdence Capital Advisors LLC increased its stake in Fiserv by 8.3% in the 2nd quarter. Verdence Capital Advisors LLC now owns 40,454 shares of the business services provider’s stock worth $6,975,000 after purchasing an additional 3,097 shares during the period. Gotham Asset Management LLC increased its stake in Fiserv by 5.4% in the 1st quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider’s stock worth $16,490,000 after purchasing an additional 3,809 shares during the period. Finally, Stratos Wealth Partners LTD. increased its stake in Fiserv by 249.9% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 15,793 shares of the business services provider’s stock worth $2,723,000 after purchasing an additional 11,279 shares during the period. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

FI opened at $125.12 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09. Fiserv, Inc. has a 52-week low of $117.84 and a 52-week high of $238.59. The stock has a market capitalization of $68.01 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95. The stock’s 50 day moving average price is $131.01 and its 200-day moving average price is $155.49.

Fiserv (NYSE:FI) last posted 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 for the quarter. On average, equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. JPMorgan Chase & Co. decreased their price target on Fiserv from $190.00 to $155.00 and set an “overweight” rating on the stock in a research note on Thursday. Citigroup raised Fiserv to a “hold” rating in a research note on Thursday. TD Cowen decreased their price target on Fiserv from $188.00 to $177.00 and set a “buy” rating on the stock in a research note on Friday, October 17th. Morgan Stanley decreased their price target on Fiserv from $268.00 to $266.00 and set an “overweight” rating on the stock in a research note on Monday, July 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fiserv in a research note on Saturday. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $181.89.

Fiserv 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.