Adell Harriman & Carpenter Inc. Acquires New Position in Fiserv, Inc. (NYSE:FI)

Adell Harriman & Carpenter Inc. purchased a new stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,523 shares of the business services provider's stock, valued at approximately $313,000.

Other hedge funds have also recently added to or reduced their stakes in the company. AustralianSuper Pty Ltd grew its stake in Fiserv by 26.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 10,840 shares of the business services provider's stock worth $2,227,000 after buying an additional 2,236 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Fiserv during the fourth quarter valued at $257,000. Catalyst Financial Partners LLC grew its position in shares of Fiserv by 2.5% during the fourth quarter. Catalyst Financial Partners LLC now owns 2,898 shares of the business services provider's stock worth $595,000 after acquiring an additional 71 shares during the last quarter. Investment Partners Asset Management Inc. acquired a new stake in shares of Fiserv in the 4th quarter worth about $219,000. Finally, Avestar Capital LLC lifted its position in Fiserv by 12.3% in the 4th quarter. Avestar Capital LLC now owns 4,505 shares of the business services provider's stock valued at $925,000 after purchasing an additional 494 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Trading Down 0.1 %

Shares of FI stock traded down $0.16 during trading hours on Wednesday, reaching $236.13. 2,784,842 shares of the stock traded hands, compared to its average volume of 2,706,857. 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 firm has a market capitalization of $134.34 billion, a PE ratio of 43.81, a PEG ratio of 1.49 and a beta of 0.94. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $237.13. The business has a fifty day moving average price of $212.02 and a 200 day moving average price of $197.21.

Fiserv (NYSE:FI - Get Free Report) last announced its 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 net margin of 15.31% and a return on equity of 17.93%. On average, equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on FI. Oppenheimer raised their price target on shares of Fiserv from $214.00 to $239.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. BMO Capital Markets increased their price target on Fiserv from $233.00 to $260.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. UBS Group lifted their price objective on shares of Fiserv from $185.00 to $240.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. KeyCorp increased their target price on shares of Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, Compass Point began coverage on shares of Fiserv in a research report on Wednesday, November 20th. They set a "buy" rating and a $278.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Fiserv has an average rating of "Buy" and an average 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.