Kingsview Wealth Management LLC Purchases 209 Shares of Fiserv, Inc. (NYSE:FI)

Kingsview Wealth Management LLC lifted its stake in Fiserv, Inc. (NYSE:FI) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,244 shares of the business services provider’s stock after acquiring an additional 209 shares during the period. Kingsview Wealth Management LLC’s holdings in Fiserv were worth $1,283,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Catalina Capital Group LLC raised its position 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 worth $444,000 after acquiring an additional 48 shares in the last quarter. Mount Yale Investment Advisors LLC raised its position in shares of Fiserv by 1.2% in the 4th 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 in the last quarter. Waypoint Capital Advisors LLC raised its position in shares of Fiserv by 1.7% in the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after acquiring an additional 51 shares in the last quarter. Wealthcare Advisory Partners LLC raised its position in shares of Fiserv by 3.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock worth $360,000 after acquiring an additional 51 shares in the last quarter. Finally, Optas LLC raised its position in shares of Fiserv by 1.7% in the 3rd quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock worth $578,000 after acquiring an additional 54 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on FI. Jefferies Financial Group boosted their price target on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. UBS Group boosted their target price on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. BMO Capital Markets boosted their target price on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Citigroup boosted their target price on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods boosted their target price on Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Two 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $239.83.

Fiserv Stock Performance

Shares of FI stock opened at $229.97 on Wednesday. The stock has a market cap of $130.83 billion, a PE ratio of 42.67, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The business has a 50-day simple moving average of $209.25 and a 200-day simple moving average of $194.28. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 52-week low of $142.47 and a 52-week high of $233.26.

Fiserv (NYSE:FI) last released its quarterly earnings results 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, equities analysts expect that Fiserv, Inc. will post 10.22 EPS for the current year.

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.