Fiserv, Inc. (NYSE:FI) Position Lifted by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd boosted its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 26.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,840 shares of the business services provider's stock after acquiring an additional 2,236 shares during the period. AustralianSuper Pty Ltd's holdings in Fiserv were worth $2,227,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Planning lifted its stake in shares of Fiserv by 4.7% during the third quarter. Creative Planning now owns 148,405 shares of the business services provider's stock valued at $26,661,000 after buying an additional 6,649 shares during the period. SeaCrest Wealth Management LLC lifted its stake in shares of Fiserv by 13.8% during the third quarter. SeaCrest Wealth Management LLC now owns 1,715 shares of the business services provider's stock valued at $308,000 after buying an additional 208 shares during the period. Good Life Advisors LLC purchased a new position in shares of Fiserv during the third quarter valued at approximately $286,000. Global Retirement Partners LLC lifted its stake in shares of Fiserv by 4.7% during the third quarter. Global Retirement Partners LLC now owns 11,112 shares of the business services provider's stock valued at $1,996,000 after buying an additional 495 shares during the period. Finally, Bleakley Financial Group LLC lifted its stake in shares of Fiserv by 2.9% during the third quarter. Bleakley Financial Group LLC now owns 18,928 shares of the business services provider's stock valued at $3,400,000 after buying an additional 529 shares during the period. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Stock Down 0.1 %

FI 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 firm's fifty day simple moving average is $212.02 and its two-hundred day simple moving average is $197.21. The company has a market cap of $134.34 billion, a price-to-earnings ratio of 43.81, a PEG ratio of 1.49 and a beta of 0.94. Fiserv, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $237.13. 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 posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating analysts' consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. As a group, analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FI has been the topic of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods upped their price objective on shares of Fiserv from $238.00 to $260.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. KeyCorp upped their price target on shares of Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Royal Bank of Canada upped their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Finally, Stephens upped their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a research 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target 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.