Empower Advisory Group LLC Has $1.52 Million Stake in Fiserv, Inc. (NYSE:FI)

Empower Advisory Group LLC boosted its position in shares of Fiserv, Inc. (NYSE:FI) by 7.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,409 shares of the business services provider’s stock after buying an additional 522 shares during the period. Empower Advisory Group LLC’s holdings in Fiserv were worth $1,522,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of FI. Valley National Advisers Inc. bought a new position in shares of Fiserv in the fourth quarter worth about $29,000. Compass Financial Services Inc bought a new position in shares of Fiserv in the fourth quarter worth about $31,000. Kennebec Savings Bank bought a new position in shares of Fiserv in the third quarter worth about $40,000. Roxbury Financial LLC bought a new position in shares of Fiserv in the fourth quarter worth about $50,000. Finally, Friedenthal Financial bought a new position in shares of Fiserv in the fourth quarter worth about $49,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

NYSE FI opened at $236.03 on Wednesday. The company has a fifty day simple moving average of $211.33 and a 200 day simple moving average of $196.66. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month high of $236.93. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The company has a market cap of $134.28 billion, a P/E ratio of 43.79, a PEG ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last posted its quarterly 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 net margin of 15.31% and a return on equity of 17.93%. Sell-side analysts predict that Fiserv, Inc. will post 10.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FI shares. UBS Group increased their target price on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Oppenheimer raised their price objective on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Stephens raised their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Morgan Stanley raised their price objective on shares of Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company raised their price objective on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target 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.