D.A. Davidson & CO. Reduces Stock Position in Fiserv, Inc. (NYSE:FI)

D.A. Davidson & CO. decreased its stake in shares of Fiserv, Inc. (NYSE:FI) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 158,730 shares of the business services provider’s stock after selling 12,535 shares during the period. D.A. Davidson & CO.’s holdings in Fiserv were worth $32,606,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Soros Capital Management LLC raised its stake in Fiserv by 71.7% during the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after acquiring an additional 22,884 shares during the period. Czech National Bank raised its position in shares of Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after buying an additional 6,072 shares in the last quarter. Chiron Investment Management LLC acquired a new stake in Fiserv in the third quarter worth approximately $4,709,000. Trust Co. of Vermont lifted its holdings in shares of Fiserv by 170.4% in the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock valued at $1,405,000 after buying an additional 4,310 shares during the period. Finally, Cardano Risk Management B.V. bought a new position in shares of Fiserv during the 4th quarter valued at about $97,254,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Up 0.4 %

Shares of FI stock opened at $230.85 on Tuesday. The stock has a market cap of $131.34 billion, a price-to-earnings ratio of 42.83, a P/E/G ratio of 1.52 and a beta of 0.94. The firm has a fifty day moving average of $210.77 and a 200-day moving average of $196.17. Fiserv, Inc. has a 52-week low of $145.44 and a 52-week high of $233.26. 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 (NYSE:FI) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) 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 research analysts forecast that Fiserv, Inc. will post 10.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on FI. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Royal Bank of Canada lifted their target price on Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Tigress Financial boosted their price target on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods raised their price target on Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. boosted their price target on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus 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.