bLong Financial LLC Purchases New Shares in Fiserv, Inc. (NYSE:FI)

bLong Financial LLC purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,288 shares of the business services provider’s stock, valued at approximately $265,000.

Several other hedge funds also recently made changes to their positions in the company. FMR LLC boosted its position in shares of Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Sanders Capital LLC bought a new stake in shares of Fiserv during the third quarter valued at approximately $764,543,000. Barclays PLC raised its stake in Fiserv by 3.0% during the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock valued at $302,737,000 after buying an additional 48,413 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Fiserv by 0.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock valued at $236,739,000 after buying an additional 4,218 shares during the last quarter. Finally, National Pension Service raised its stake in Fiserv by 9.2% during the third quarter. National Pension Service now owns 1,112,168 shares of the business services provider’s stock valued at $199,801,000 after buying an additional 93,508 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Up 0.4 %

Fiserv stock opened at $230.85 on Friday. The stock 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 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 one year low of $145.44 and a one year high of $233.26. The stock has a fifty day moving average of $210.77 and a 200 day moving average of $195.72.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, sell-side analysts predict that Fiserv, Inc. will post 10.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Susquehanna lifted their price objective on Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research note on Monday, February 10th. Mizuho lifted their price objective on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Barclays lifted their price objective on Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Stephens lifted their price objective on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley boosted their price target on Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Fiserv has a consensus rating of “Buy” and an average target price of $239.83.

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.