Portfolio Design Labs LLC Raises Stake in Fiserv, Inc. (NYSE:FI)

Portfolio Design Labs LLC increased its stake in shares of Fiserv, Inc. (NYSE:FI) by 5.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 16,755 shares of the business services provider’s stock after purchasing an additional 832 shares during the period. Portfolio Design Labs LLC’s holdings in Fiserv were worth $3,442,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. bought a new position in Fiserv in the 4th quarter worth about $29,000. Compass Financial Services Inc bought a new position in Fiserv in the 4th quarter worth about $31,000. Cedar Mountain Advisors LLC increased its stake in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares during the last quarter. Kennebec Savings Bank bought a new position in Fiserv in the 3rd quarter worth about $40,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Fiserv during the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

FI opened at $229.97 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. Fiserv, Inc. has a 52-week low of $142.47 and a 52-week high of $233.26. The stock has a market capitalization of $130.83 billion, a PE ratio of 42.67, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The stock’s 50 day moving average price is $209.25 and its 200-day moving average price is $194.28.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. On average, equities research analysts predict that Fiserv, Inc. will post 10.22 EPS for the current year.

Analysts Set New Price Targets

FI has been the subject of a number of recent research reports. Tigress Financial boosted their target price on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Citigroup boosted their price objective on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. BMO Capital Markets upped their price objective on shares of Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Susquehanna lifted their target price on shares of Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods upped their price target on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Buy” and an average target price of $239.83.

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.