Adell Harriman & Carpenter Inc. Invests $313,000 in Fiserv, Inc. (NYSE:FI)

Adell Harriman & Carpenter Inc. purchased a new position in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,523 shares of the business services provider’s stock, valued at approximately $313,000.

Other large investors also recently modified their holdings of the company. Sanders Capital LLC bought a new stake in shares of Fiserv during the third quarter valued at approximately $764,543,000. FMR LLC increased its position in shares of Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after purchasing an additional 1,427,664 shares during the period. Kovitz Investment Group Partners LLC increased its position in shares of 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 valued at $109,700,000 after purchasing an additional 561,377 shares during the period. Mizuho Securities USA LLC increased its position in shares of 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 valued at $108,488,000 after purchasing an additional 558,774 shares during the period. Finally, Cardano Risk Management B.V. bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $97,254,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Up 0.4 %

NYSE:FI opened at $230.85 on Friday. Fiserv, Inc. has a 1-year low of $145.44 and a 1-year high of $233.26. The business’s 50-day moving average price is $210.77 and its two-hundred day moving average price is $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. The firm has a market capitalization of $131.34 billion, a price-to-earnings ratio of 42.83, a PEG ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share 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 analysts expect that Fiserv, Inc. will post 10.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on FI shares. Tigress Financial upped their price target on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. 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. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Stephens upped their price target on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Barclays upped their price target on Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Two 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 stock. According to MarketBeat.com, the company presently has an average 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.