Bridges Investment Management Inc. Boosts Stake in Fiserv, Inc. $FI

by · The Markets Daily

Bridges Investment Management Inc. grew its stake in shares of Fiserv, Inc. (NYSE:FI – Free Report) by 19.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,230 shares of the business services provider’s stock after buying an additional 2,611 shares during the quarter. Bridges Investment Management Inc.’s holdings in Fiserv were worth $2,798,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Activest Wealth Management raised its position in shares of Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after buying an additional 126 shares in the last quarter. Hager Investment Management Services LLC purchased a new stake in shares of Fiserv during the 2nd quarter valued at $34,000. Christopher J. Hasenberg Inc raised its position in Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares during the period. Armstrong Advisory Group Inc. raised its position in Fiserv by 178.9% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after purchasing an additional 136 shares during the period. Finally, Abound Financial LLC purchased a new position in Fiserv in the 1st quarter worth $38,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

FI has been the topic of a number of analyst reports. Mizuho decreased their target price on shares of Fiserv from $194.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fiserv in a research report on Wednesday, October 8th. Raymond James Financial set a $167.00 target price on shares of Fiserv and gave the stock an “outperform” rating in a research report on Friday, October 10th. The Goldman Sachs Group decreased their target price on shares of Fiserv from $192.00 to $149.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Wall Street Zen cut shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $199.73.

Check Out Our Latest Stock Analysis on FI

Fiserv Price Performance

FI stock opened at $118.00 on Friday. The firm’s 50-day moving average price is $132.14 and its two-hundred day moving average price is $159.67. Fiserv, Inc. has a 12-month low of $117.84 and a 12-month high of $238.59. The stock has a market capitalization of $64.14 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 0.79 and a beta of 0.95. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI – Get Free Report) last released its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm had revenue of $4.32 billion for the quarter. As a group, equities analysts predict that Fiserv, Inc. will post 10.23 earnings per share 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.

Further Reading

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