Fiserv, Inc. (NYSE:FI) Shares Sold by SFE Investment Counsel

SFE Investment Counsel lowered its position in shares of Fiserv, Inc. (NYSE:FI) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,151 shares of the business services provider’s stock after selling 1,338 shares during the period. Fiserv accounts for approximately 1.4% of SFE Investment Counsel’s portfolio, making the stock its 24th largest position. SFE Investment Counsel’s holdings in Fiserv were worth $6,604,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FI. Valley National Advisers Inc. acquired a new stake in Fiserv during the fourth quarter worth approximately $29,000. Compass Financial Services Inc purchased a new position in shares of Fiserv in the 4th quarter valued at $31,000. Kennebec Savings Bank acquired a new stake in Fiserv during the 3rd quarter worth $40,000. Northwest Investment Counselors LLC purchased a new stake in Fiserv in the third quarter valued at $44,000. Finally, Wolff Wiese Magana LLC lifted its position in Fiserv by 904.0% in the third quarter. Wolff Wiese Magana LLC now owns 251 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 226 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FI. Mizuho boosted their target price on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. BMO Capital Markets raised their target price on shares of Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods lifted their target price on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, Jefferies Financial Group raised their price objective on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $239.83.

Fiserv Stock Performance

Fiserv stock opened at $227.83 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. Fiserv, Inc. has a fifty-two week low of $142.47 and a fifty-two week high of $233.26. The stock has a fifty day moving average of $209.78 and a two-hundred day moving average of $195.00. The company has a market capitalization of $129.62 billion, a price-to-earnings ratio of 42.27, a PEG ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share 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, analysts anticipate that Fiserv, Inc. will post 10.22 EPS 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.