Montag A & Associates Inc. Purchases 3,447 Shares of Fiserv, Inc. (NYSE:FI)

Montag A & Associates Inc. increased its position in Fiserv, Inc. (NYSE:FI) by 2.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 139,127 shares of the business services provider’s stock after purchasing an additional 3,447 shares during the period. Fiserv comprises 1.4% of Montag A & Associates Inc.’s investment portfolio, making the stock its 13th largest position. Montag A & Associates Inc.’s holdings in Fiserv were worth $28,579,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Creative Planning boosted its holdings in Fiserv by 4.7% in the third quarter. Creative Planning now owns 148,405 shares of the business services provider’s stock worth $26,661,000 after acquiring an additional 6,649 shares in the last quarter. SeaCrest Wealth Management LLC raised its position in shares of Fiserv by 13.8% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 1,715 shares of the business services provider’s stock worth $308,000 after purchasing an additional 208 shares during the last quarter. Good Life Advisors LLC bought a new position in Fiserv in the 3rd quarter worth about $286,000. Global Retirement Partners LLC grew its position in Fiserv by 4.7% during the 3rd quarter. Global Retirement Partners LLC now owns 11,112 shares of the business services provider’s stock valued at $1,996,000 after purchasing an additional 495 shares during the last quarter. Finally, Bleakley Financial Group LLC increased its stake in Fiserv by 2.9% during the 3rd quarter. Bleakley Financial Group LLC now owns 18,928 shares of the business services provider’s stock valued at $3,400,000 after purchasing an additional 529 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on FI. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods increased their target price on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Mizuho boosted their price target on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Barclays increased their price objective on Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Finally, BMO Capital Markets boosted their target price on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $239.83.

Fiserv Trading Up 0.4 %

Shares of NYSE:FI opened at $230.85 on Friday. Fiserv, Inc. has a 12-month low of $145.44 and a 12-month high of $233.26. The company has a market cap of $131.34 billion, a PE ratio of 42.83, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The stock has a 50 day moving average of $210.77 and a 200 day moving average of $195.72. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. As a group, equities research analysts expect that Fiserv, Inc. will post 10.22 EPS for the current year.

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.