Beacon Financial Group Sells 208 Shares of Fiserv, Inc. (NYSE:FI)

Beacon Financial Group lessened its stake in Fiserv, Inc. (NYSE:FI) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,051 shares of the business services provider’s stock after selling 208 shares during the period. Beacon Financial Group’s holdings in Fiserv were worth $1,038,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of FI. Soros Capital Management LLC raised its position in Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after purchasing an additional 22,884 shares during the last quarter. Czech National Bank raised its position in Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after purchasing an additional 6,072 shares during the last quarter. Chiron Investment Management LLC bought a new position in Fiserv during the 3rd quarter valued at approximately $4,709,000. Trust Co. of Vermont raised its position in Fiserv by 170.4% during the 4th quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock valued at $1,405,000 after purchasing an additional 4,310 shares during the last quarter. Finally, Cardano Risk Management B.V. bought a new position in Fiserv during the 4th quarter valued at approximately $97,254,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Fiserv stock opened at $227.83 on Thursday. The stock’s 50 day moving average is $209.54 and its 200 day moving average is $194.77. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a twelve month low of $142.47 and a twelve month high of $233.26. The company has a market capitalization of $129.62 billion, a P/E ratio of 42.27, a PEG ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Jefferies Financial Group upped their price target on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company upped their price target on Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. KeyCorp upped their price target on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Compass Point started coverage on Fiserv in a research report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price for the company. Finally, Tigress Financial increased 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. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Fiserv presently has an average rating of “Buy” and a consensus price target of $239.83.

About Fiserv

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.