Empire Life Investments Inc. decreased its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 13.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 163,517 shares of the business services provider's stock after selling 26,015 shares during the quarter. Fiserv accounts for about 2.1% of Empire Life Investments Inc.'s investment portfolio, making the stock its 10th largest holding. Empire Life Investments Inc.'s holdings in Fiserv were worth $33,590,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the business. Catalina Capital Group LLC lifted its stake in shares of Fiserv by 2.3% during the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider's stock valued at $444,000 after acquiring an additional 48 shares during the period. Mount Yale Investment Advisors LLC lifted its stake in shares of Fiserv by 1.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider's stock valued at $848,000 after acquiring an additional 50 shares during the period. Hemington Wealth Management lifted its stake in shares of Fiserv by 6.1% during the fourth quarter. Hemington Wealth Management now owns 864 shares of the business services provider's stock valued at $177,000 after acquiring an additional 50 shares during the period. Waypoint Capital Advisors LLC lifted its stake in shares of Fiserv by 1.7% during the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider's stock valued at $560,000 after acquiring an additional 51 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its stake in shares of Fiserv by 3.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider's stock valued at $360,000 after acquiring an additional 51 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. Stephens upped their price target on Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Compass Point assumed coverage on Fiserv in a report on Wednesday, November 20th. They issued a "buy" rating and a $278.00 price objective for the company. The Goldman Sachs Group upped their price objective on Fiserv from $208.00 to $231.00 and gave the company a "neutral" rating in a report on Tuesday, December 3rd. Jefferies Financial Group increased their price target on Fiserv from $195.00 to $200.00 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. Finally, TD Cowen increased their price target on Fiserv from $200.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Fiserv has an average rating of "Buy" and a consensus target price of $239.83.
View Our Latest Stock Analysis on Fiserv
Fiserv Stock Performance
FI traded down $0.16 during mid-day trading on Wednesday, reaching $236.13. 2,849,894 shares of the company traded hands, compared to its average volume of 2,708,890. The stock has a market capitalization 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 quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The company's fifty day moving average price is $212.02 and its 200-day moving average price is $197.21. Fiserv, Inc. has a 52-week low of $145.98 and a 52-week high of $237.13.
Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (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%. On average, sell-side analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.
About Fiserv
(
Free Report)
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.
Further Reading
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