Catalyst Financial Partners LLC Purchases 71 Shares of Fiserv, Inc. (NYSE:FI)

Catalyst Financial Partners LLC boosted its position in Fiserv, Inc. (NYSE:FI) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,898 shares of the business services provider’s stock after purchasing an additional 71 shares during the period. Catalyst Financial Partners LLC’s holdings in Fiserv were worth $595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. FMR LLC raised its holdings in shares of Fiserv by 17.8% in 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 during the period. Sanders Capital LLC purchased a new stake in Fiserv in the third quarter worth $764,543,000. Barclays PLC increased its stake in Fiserv by 3.0% in the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after purchasing an additional 48,413 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Fiserv by 0.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock worth $236,739,000 after purchasing an additional 4,218 shares during the last quarter. Finally, National Pension Service boosted its stake in shares of Fiserv by 9.2% during the third quarter. National Pension Service now owns 1,112,168 shares of the business services provider’s stock valued at $199,801,000 after purchasing an additional 93,508 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FI shares. JPMorgan Chase & Co. raised their price target on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. KeyCorp lifted their price target on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Citigroup lifted their target price on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods upped their target price on Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Two 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 company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $239.83.

Fiserv Trading Up 1.0 %

Shares of NYSE:FI opened at $229.93 on Friday. The business’s 50-day moving average is $209.78 and its 200 day moving average is $195.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. Fiserv, Inc. has a 1 year low of $142.98 and a 1 year high of $233.26. The firm has a market capitalization of $130.81 billion, a P/E ratio of 42.66, a P/E/G ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating 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, research analysts predict that Fiserv, Inc. will post 10.22 earnings per share for the current fiscal year.

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.