Fiserv, Inc. $FI Shares Purchased by Mill Capital Management LLC

by · The Cerbat Gem

Mill Capital Management LLC increased its holdings in shares of Fiserv, Inc. (NYSE:FI – Free Report) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 135,993 shares of the business services provider’s stock after acquiring an additional 281 shares during the period. Fiserv makes up approximately 1.8% of Mill Capital Management LLC’s portfolio, making the stock its 16th biggest holding. Mill Capital Management LLC’s holdings in Fiserv were worth $23,447,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Activest Wealth Management grew its holdings in Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 126 shares during the last quarter. Hager Investment Management Services LLC acquired a new stake in Fiserv in the second quarter valued at $34,000. Christopher J. Hasenberg Inc grew its holdings in 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 purchasing an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. grew its holdings in Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 136 shares during the last quarter. Finally, Abound Financial LLC acquired a new stake in Fiserv in the first quarter valued at $38,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of recent research reports. Stephens cut Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price objective for the company. in a research report on Thursday. Wells Fargo & Company upgraded Fiserv to a “hold” rating in a research report on Wednesday, October 22nd. Monness Crespi & Hardt upgraded Fiserv from a “sell” rating to a “neutral” rating in a research report on Monday, July 21st. KeyCorp cut Fiserv from an “overweight” rating to a “hold” rating in a research report on Thursday. Finally, Susquehanna dropped their price objective on Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a research report on Thursday, July 24th. Eleven analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $131.95.

Read Our Latest Stock Analysis on Fiserv

Fiserv Stock Up 2.1%

Shares of NYSE:FI opened at $66.57 on Friday. The stock’s 50-day moving average price is $126.20 and its two-hundred day moving average price is $151.77. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. Fiserv, Inc. has a 12-month low of $64.52 and a 12-month high of $238.59. The firm has a market cap of $36.19 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 0.56 and a beta of 0.95.

Fiserv (NYSE:FI – Get Free Report) last issued its quarterly 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 19.47% and a net margin of 17.05%.The firm had revenue of $4.32 billion for the quarter. On average, research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv Profile

(Free Report)

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.

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