Creekmur Asset Management LLC Grows Position in Fiserv, Inc. $FI

Creekmur Asset Management LLC lifted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 27.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,463 shares of the business services provider’s stock after purchasing an additional 312 shares during the quarter. Creekmur Asset Management LLC’s holdings in Fiserv were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Sowell Financial Services LLC boosted its holdings in Fiserv by 9.7% during the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock valued at $610,000 after acquiring an additional 314 shares during the period. Kathmere Capital Management LLC boosted its holdings in Fiserv by 7.7% during the 2nd quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider’s stock valued at $257,000 after acquiring an additional 106 shares during the period. Mendel Money Management purchased a new position in Fiserv during the 2nd quarter valued at about $1,409,000. Verdence Capital Advisors LLC boosted its holdings in Fiserv by 8.3% during the 2nd quarter. Verdence Capital Advisors LLC now owns 40,454 shares of the business services provider’s stock valued at $6,975,000 after acquiring an additional 3,097 shares during the period. Finally, Gotham Asset Management LLC boosted its holdings in Fiserv by 5.4% during the 1st quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider’s stock valued at $16,490,000 after acquiring an additional 3,809 shares during the period. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Price Performance

Shares of NYSE FI opened at $66.57 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.08. Fiserv, Inc. has a fifty-two week low of $64.52 and a fifty-two week high of $238.59. The firm has a market capitalization of $36.19 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 0.56 and a beta of 0.95. The stock’s 50-day simple moving average is $126.20 and its 200-day simple moving average is $151.77.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The business had revenue of $4.32 billion for the quarter. As a group, equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Ratings Changes

FI has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reduced their price target on Fiserv from $170.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday. Truist Financial lowered Fiserv from a “buy” rating to a “hold” rating and reduced their price target for the company from $143.00 to $75.00 in a research report on Thursday. Citigroup reduced their price target on Fiserv from $128.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday. B. Riley lowered Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday. Finally, Susquehanna reduced their price target on Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a research report on Thursday, July 24th. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Fiserv currently has an average rating of “Hold” and an average target price of $131.95.

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.