Financial Perspectives Inc Takes $113,000 Position in Fiserv, Inc. (NYSE:FI)

Financial Perspectives Inc purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 550 shares of the business services provider’s stock, valued at approximately $113,000.

Several other large investors have also recently modified their holdings of the business. Sanders Capital LLC bought a new position in Fiserv during the third quarter worth $764,543,000. FMR LLC raised its stake in Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after buying an additional 1,427,664 shares during the last quarter. Kovitz Investment Group Partners LLC raised its stake in Fiserv by 788.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after buying an additional 561,377 shares during the last quarter. Mizuho Securities USA LLC raised its stake in Fiserv by 1,238.6% during the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock worth $108,488,000 after buying an additional 558,774 shares during the last quarter. Finally, Cardano Risk Management B.V. bought a new stake in Fiserv in the fourth quarter valued at $97,254,000. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of several research analyst reports. TD Cowen lifted their price target on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Susquehanna lifted their price objective on shares of Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a report on Monday, February 10th. Royal Bank of Canada boosted their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. BMO Capital Markets boosted their price target on shares of Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, UBS Group boosted their price target on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $239.83.

Fiserv Price Performance

FI stock opened at $236.03 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. Fiserv, Inc. has a one year low of $145.98 and a one year high of $236.93. The stock has a market cap of $134.28 billion, a PE ratio of 43.79, a P/E/G ratio of 1.49 and a beta of 0.94. The firm has a 50 day simple moving average of $212.02 and a two-hundred day simple moving average of $197.21.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 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%. On average, analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv 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.