Newbridge Financial Services Group Inc. Makes New $53,000 Investment in Fiserv, Inc. (NYSE:FI)

Newbridge Financial Services Group Inc. acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 260 shares of the business services provider’s stock, valued at approximately $53,000.

A number of other institutional investors have also added to or reduced their stakes in FI. Valley National Advisers Inc. bought a new position in shares of Fiserv in the fourth quarter valued at approximately $29,000. Cedar Mountain Advisors LLC boosted its holdings in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares during the period. Kennebec Savings Bank purchased a new position in shares of Fiserv during the 3rd quarter valued at $40,000. Friedenthal Financial bought a new position in shares of Fiserv in the fourth quarter worth $49,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Fiserv in the third quarter worth $44,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of NYSE:FI opened at $230.55 on Tuesday. 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 $131.16 billion, a price-to-earnings ratio of 42.77, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a 12 month low of $142.47 and a 12 month high of $233.26. The company has a 50-day moving average price of $209.01 and a 200-day moving average price of $193.75.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that Fiserv, Inc. will post 10.22 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FI shares. JPMorgan Chase & Co. upped their target price on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. UBS Group raised their target price on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Jefferies Financial Group raised their price objective on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Finally, Susquehanna upped their target price on shares of Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of “Buy” and a consensus target price 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.