Leavell Investment Management Inc. Purchases 550 Shares of Fiserv, Inc. (NYSE:FI)

Leavell Investment Management Inc. grew its position in Fiserv, Inc. (NYSE:FI) by 21.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,133 shares of the business services provider’s stock after acquiring an additional 550 shares during the quarter. Leavell Investment Management Inc.’s holdings in Fiserv were worth $644,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sanders Capital LLC acquired a new stake in Fiserv in the 3rd quarter valued at $764,543,000. FMR LLC boosted its stake in Fiserv by 17.8% in the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after buying an additional 1,427,664 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its stake in Fiserv by 788.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock valued at $109,700,000 after buying an additional 561,377 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in Fiserv by 1,238.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after buying an additional 558,774 shares in the last quarter. Finally, Cardano Risk Management B.V. acquired a new stake in Fiserv in the 4th quarter valued at $97,254,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 1.0 %

NYSE FI opened at $229.93 on Friday. The stock has a 50-day simple moving average of $209.78 and a 200 day simple moving average of $195.00. The company has a market capitalization of $130.81 billion, a PE ratio of 42.66, a P/E/G ratio of 1.52 and a beta of 0.94. 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, Inc. has a 12 month low of $142.98 and a 12 month high of $233.26.

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 analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Research analysts forecast that Fiserv, Inc. will post 10.22 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on FI. Oppenheimer lifted their price objective on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. TD Cowen lifted their price objective on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company lifted their price objective on Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. KeyCorp lifted their price objective on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Jefferies Financial Group lifted their price objective on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $239.83.

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.