bLong Financial LLC Invests $265,000 in Fiserv, Inc. (NYSE:FI)

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

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. purchased a new position in shares of Fiserv during the fourth quarter valued at about $29,000. Compass Financial Services Inc bought a new position in Fiserv during the fourth quarter valued at approximately $31,000. Kennebec Savings Bank purchased a new position in Fiserv during the 3rd quarter valued at approximately $40,000. Northwest Investment Counselors LLC bought a new stake in Fiserv in the 3rd quarter worth approximately $44,000. Finally, Friedenthal Financial purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $49,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Down 0.1 %

Fiserv stock traded down $0.16 during trading hours on Wednesday, hitting $236.13. The company had a trading volume of 2,849,894 shares, compared to its average volume of 2,708,890. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The firm has a market cap of $134.34 billion, a P/E ratio of 43.81, a P/E/G ratio of 1.49 and a beta of 0.94. The company has a 50-day moving average price of $212.02 and a two-hundred day moving average price of $197.21. Fiserv, Inc. has a 1 year low of $145.98 and a 1 year high of $237.13.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly 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, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FI. Mizuho raised their target price on shares of Fiserv from $183.00 to $222.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Barclays lifted their price objective on shares of Fiserv from $235.00 to $265.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. TD Cowen upped their target price on shares of Fiserv from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Susquehanna lifted their price target on Fiserv from $230.00 to $270.00 and gave the stock a "positive" rating in a research report on Monday, February 10th. Finally, Stephens boosted their price objective on Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target 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.