Palouse Capital Management Inc. Lowers Stock Holdings in Fiserv, Inc. (NYSE:FI)

Palouse Capital Management Inc. lowered its holdings in shares of Fiserv, Inc. (NYSE:FI) by 43.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,442 shares of the business services provider’s stock after selling 4,148 shares during the period. Palouse Capital Management Inc.’s holdings in Fiserv were worth $1,118,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Soros Capital Management LLC boosted its position in Fiserv by 71.7% during the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after purchasing an additional 22,884 shares in the last quarter. Czech National Bank lifted its position in shares of Fiserv by 5.2% in the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after acquiring an additional 6,072 shares in the last quarter. Chiron Investment Management LLC purchased a new position in shares of Fiserv in the third quarter valued at approximately $4,709,000. Trust Co. of Vermont lifted its position in shares of Fiserv by 170.4% in the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock valued at $1,405,000 after acquiring an additional 4,310 shares in the last quarter. Finally, Cardano Risk Management B.V. purchased a new position in shares of Fiserv in the fourth quarter valued at approximately $97,254,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 0.4 %

Shares of NYSE FI opened at $230.85 on Friday. Fiserv, Inc. has a twelve month low of $145.44 and a twelve month high of $233.26. 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 stock has a fifty day simple moving average of $210.77 and a 200-day simple moving average of $195.72. The stock has a market capitalization of $131.34 billion, a PE ratio of 42.83, a PEG ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share 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%. On average, equities analysts forecast that Fiserv, Inc. will post 10.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FI. BMO Capital Markets raised their target price on Fiserv from $233.00 to $260.00 and gave the company an “outperform” 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. Keefe, Bruyette & Woods raised their target price on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Wells Fargo & Company lifted their price objective on Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, UBS Group lifted their price objective on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $239.83.

About Fiserv

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.