Empowered Funds LLC Buys 1,164 Shares of Fiserv, Inc. (NYSE:FI)

Empowered Funds LLC raised its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 12.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,492 shares of the business services provider's stock after purchasing an additional 1,164 shares during the quarter. Empowered Funds LLC's holdings in Fiserv were worth $2,155,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Creative Planning grew its position in shares of Fiserv by 4.7% during the 3rd quarter. Creative Planning now owns 148,405 shares of the business services provider's stock worth $26,661,000 after buying an additional 6,649 shares during the period. SeaCrest Wealth Management LLC grew its position in shares of Fiserv by 13.8% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 1,715 shares of the business services provider's stock worth $308,000 after buying an additional 208 shares during the period. Vontobel Holding Ltd. grew its position in shares of Fiserv by 0.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 40,676 shares of the business services provider's stock worth $7,307,000 after buying an additional 170 shares during the period. Good Life Advisors LLC acquired a new stake in shares of Fiserv during the 3rd quarter worth approximately $286,000. Finally, Global Retirement Partners LLC grew its position in shares of Fiserv by 4.7% during the 3rd quarter. Global Retirement Partners LLC now owns 11,112 shares of the business services provider's stock worth $1,996,000 after buying an additional 495 shares during the period. Institutional investors and hedge funds own 90.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FI shares. UBS Group increased their target price on Fiserv from $185.00 to $240.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Barclays increased their target price on Fiserv from $235.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Susquehanna increased their target price on Fiserv from $230.00 to $270.00 and gave the stock a "positive" rating in a report on Monday, February 10th. Compass Point assumed coverage on shares of Fiserv in a report on Wednesday, November 20th. They set a "buy" rating and a $278.00 price objective on the stock. Finally, Wells Fargo & Company lifted their price objective on shares of Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Two equities research 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 company. Based on data from MarketBeat, Fiserv currently has a consensus rating of "Buy" and an average target price of $239.83.

Fiserv Price Performance

Shares of FI traded up $5.17 during midday trading on Tuesday, hitting $235.77. 1,314,711 shares of the company traded hands, compared to its average volume of 2,578,432. The stock has a 50-day moving average of $211.33 and a 200-day moving average of $196.66. Fiserv, Inc. has a one year low of $145.98 and a one year high of $235.66. The firm has a market cap of $134.13 billion, a P/E ratio of 43.74, a PEG ratio of 1.52 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

Fiserv (NYSE:FI - Get Free Report) last announced 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 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 fiscal year.

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.