Ipsen Advisor Group LLC Acquires Shares of 4,402 Fiserv, Inc. $FI

Ipsen Advisor Group LLC bought a new position in Fiserv, Inc. (NYSE:FI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,402 shares of the business services provider’s stock, valued at approximately $759,000.

Other institutional investors also recently bought and sold shares of the company. Mcrae Capital Management Inc. lifted its stake in Fiserv by 17.0% in the 2nd quarter. Mcrae Capital Management Inc. now owns 127,031 shares of the business services provider’s stock worth $21,901,000 after purchasing an additional 18,500 shares in the last quarter. Eukles Asset Management increased its position in Fiserv by 1.8% in the second quarter. Eukles Asset Management now owns 7,476 shares of the business services provider’s stock worth $1,289,000 after purchasing an additional 130 shares during the last quarter. Middleton & Co. Inc. MA grew its stake in shares of Fiserv by 1.0% in the 2nd quarter. Middleton & Co. Inc. MA now owns 46,984 shares of the business services provider’s stock worth $8,101,000 after buying an additional 450 shares in the last quarter. Twin Capital Management Inc. lifted its holdings in shares of Fiserv by 2.6% in the 2nd quarter. Twin Capital Management Inc. now owns 12,015 shares of the business services provider’s stock valued at $2,072,000 after acquiring an additional 309 shares during the last quarter. Finally, Long Run Wealth Advisors LLC raised its position in Fiserv by 11.0% during the second quarter. Long Run Wealth Advisors LLC now owns 3,319 shares of the business services provider’s stock valued at $572,000 after purchasing an additional 330 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FI has been the subject of a number of recent research reports. Wall Street Zen cut Fiserv from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. BTIG Research lowered shares of Fiserv from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 29th. B. Riley downgraded shares of Fiserv from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 29th. Royal Bank Of Canada set a $85.00 price target on shares of Fiserv and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Finally, Oppenheimer reissued an “outperform” rating and issued a $91.00 price objective on shares of Fiserv in a research report on Thursday, October 30th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Fiserv currently has a consensus rating of “Hold” and an average target price of $127.28.

Fiserv Stock Down 3.7%

Shares of NYSE FI opened at $61.61 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. The firm has a market capitalization 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 stock has a 50 day moving average price of $120.28 and a 200 day moving average price of $147.71. Fiserv, Inc. has a 52-week low of $61.33 and a 52-week high of $238.59.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The company had revenue of $4.32 billion for the quarter. Sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Insider Activity at Fiserv

In other Fiserv news, Director Lance M. Fritz purchased 10,000 shares of the 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 transaction, the director owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.