4,401 Shares in Fiserv, Inc. $FI Purchased by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,401 shares of the business services provider’s stock, valued at approximately $759,000.

Several other hedge funds have also modified their holdings of the company. ROI Financial Advisors LLC increased its position in Fiserv by 73.9% in the second quarter. ROI Financial Advisors LLC now owns 1,696 shares of the business services provider’s stock worth $292,000 after purchasing an additional 721 shares during the last quarter. Convergence Financial LLC grew its stake in shares of Fiserv by 2.2% in the 2nd quarter. Convergence Financial LLC now owns 8,582 shares of the business services provider’s stock worth $1,480,000 after buying an additional 183 shares in the last quarter. Trillium Asset Management LLC increased its holdings in shares of Fiserv by 6.4% in the 2nd quarter. Trillium Asset Management LLC now owns 12,922 shares of the business services provider’s stock worth $2,228,000 after buying an additional 780 shares during the last quarter. Simmons Bank raised its position in shares of Fiserv by 55.2% during the 2nd quarter. Simmons Bank now owns 4,829 shares of the business services provider’s stock valued at $833,000 after buying an additional 1,718 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its holdings in shares of Fiserv by 5.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 4,839 shares of the business services provider’s stock valued at $834,000 after acquiring an additional 245 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

FI stock opened at $61.61 on Friday. Fiserv, Inc. has a twelve month low of $61.33 and a twelve month high of $238.59. The firm has a market cap of $33.14 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 0.56 and a beta of 0.90. The business’s fifty day simple moving average is $120.28 and its two-hundred day simple moving average is $147.71. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.15.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The firm had revenue of $4.32 billion for the quarter. Analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Ratings Changes

FI has been the topic of several analyst reports. Keefe, Bruyette & Woods reduced their price objective on Fiserv from $170.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Jefferies Financial Group cut their target price on Fiserv from $130.00 to $125.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Zacks Research downgraded Fiserv from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. BNP Paribas Exane reiterated a “neutral” rating and set a $62.00 price objective on shares of Fiserv in a research report on Wednesday. Finally, The Goldman Sachs Group downgraded shares of Fiserv from a “buy” rating to a “neutral” rating and reduced their target price for the company from $149.00 to $79.00 in a research note on Thursday, October 30th. Eleven investment analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Fiserv presently has an average rating of “Hold” and an average target price of $127.28.

Insider Activity at Fiserv

In related news, Director Lance M. Fritz purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was purchased at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the purchase, the director owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. The trade was a 324.04% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.74% of the company’s stock.

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.