Fiserv, Inc. (NYSE:FI) Stock Position Lifted by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC grew its position in shares of Fiserv, Inc. (NYSE:FI) by 20.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,661 shares of the business services provider’s stock after buying an additional 1,288 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Fiserv were worth $1,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the business. Sanders Capital LLC bought a new stake in shares of Fiserv during the third quarter valued at approximately $764,543,000. FMR LLC boosted 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 in the last quarter. Kovitz Investment Group Partners LLC increased its holdings 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 during the period. Mizuho Securities USA LLC raised its stake in shares of 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. bought a new position in shares of Fiserv during the 4th quarter worth about $97,254,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of FI opened at $227.83 on Thursday. The stock has a market cap of $129.62 billion, a P/E ratio of 42.27, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a 1 year low of $142.47 and a 1 year high of $233.26. The stock’s 50-day moving average price is $209.54 and its two-hundred day moving average price is $194.77. 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 (NYSE:FI) last posted its earnings results 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 net margin of 15.31% and a return on equity of 17.93%. On average, equities analysts predict that Fiserv, Inc. will post 10.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on FI shares. Wells Fargo & Company upped their target price on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Susquehanna increased their target price on Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a report on Monday. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. BMO Capital Markets upped their price target on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group lifted their price objective on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target 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.