CIBC Asset Management Inc Boosts Stake in Fiserv, Inc. (NYSE:FI)

CIBC Asset Management Inc raised its stake in shares of Fiserv, Inc. (NYSE:FI) by 0.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 120,083 shares of the business services provider’s stock after purchasing an additional 786 shares during the period. CIBC Asset Management Inc’s holdings in Fiserv were worth $24,667,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Catalina Capital Group LLC boosted its holdings in shares of Fiserv by 2.3% in the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock valued at $444,000 after buying an additional 48 shares in the last quarter. Mount Yale Investment Advisors LLC grew its stake in shares of Fiserv by 1.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock worth $848,000 after acquiring an additional 50 shares during the last quarter. Hemington Wealth Management raised its position in shares of Fiserv by 6.1% in the 4th quarter. Hemington Wealth Management now owns 864 shares of the business services provider’s stock valued at $177,000 after purchasing an additional 50 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in Fiserv by 3.0% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock worth $360,000 after purchasing an additional 51 shares during the last quarter. Finally, Optas LLC raised its holdings in shares of Fiserv by 1.7% in the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock worth $578,000 after buying an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

NYSE:FI opened at $230.85 on Tuesday. Fiserv, Inc. has a twelve month low of $145.44 and a twelve month high of $233.26. The company has a market cap of $131.34 billion, a P/E ratio of 42.83, a P/E/G ratio of 1.52 and a beta of 0.94. 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’s 50-day moving average price is $210.77 and its 200-day moving average price is $196.17.

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 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, sell-side analysts forecast that Fiserv, Inc. will post 10.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FI. JPMorgan Chase & Co. upped their target price on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Compass Point began coverage on shares of Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target on the stock. Citigroup lifted their price objective on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Royal Bank of Canada boosted their target price on shares of Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, Barclays upped their target price on Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price 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.