Quadrant Private Wealth Management LLC Makes New $217,000 Investment in Fiserv, Inc. (NYSE:FI)

Quadrant Private Wealth Management LLC bought a new position in Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,058 shares of the business services provider’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FI. Valley National Advisers Inc. acquired a new position in Fiserv in the 4th quarter worth about $29,000. Compass Financial Services Inc bought a new stake in shares of Fiserv in the 4th quarter valued at about $31,000. Kennebec Savings Bank bought a new stake in shares of Fiserv in the 3rd quarter valued at about $40,000. Northwest Investment Counselors LLC bought a new stake in shares of Fiserv in the 3rd quarter valued at about $44,000. Finally, Friedenthal Financial bought a new stake in shares of Fiserv in the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of Fiserv stock opened at $230.85 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The company has a market cap of $131.34 billion, a PE ratio of 42.83, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The business has a 50 day moving average price of $210.77 and a 200-day moving average price of $195.72. Fiserv, Inc. has a 52 week low of $145.44 and a 52 week high of $233.26.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FI shares. Jefferies Financial Group upped their price target on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. UBS Group upped their price target on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Barclays upped their price target on Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Royal Bank of Canada upped their target price on Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, Compass Point began coverage on Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 target price on the stock. Two 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. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $239.83.

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.