Fiserv, Inc. (NYSE:FI) Stock Position Lowered by Rhumbline Advisers

Rhumbline Advisers cut its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,067,625 shares of the business services provider's stock after selling 32,481 shares during the period. Rhumbline Advisers owned about 0.19% of Fiserv worth $219,311,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. FMR LLC lifted its position in shares of Fiserv by 17.8% in the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider's stock worth $1,696,341,000 after buying an additional 1,427,664 shares in the last quarter. Sanders Capital LLC bought a new stake in shares of Fiserv in the 3rd quarter valued at approximately $764,543,000. Barclays PLC lifted its position in Fiserv by 3.0% in the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider's stock worth $302,737,000 after buying an additional 48,413 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Fiserv by 0.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider's stock valued at $236,739,000 after acquiring an additional 4,218 shares during the last quarter. Finally, National Pension Service raised its position in Fiserv by 9.2% in the 3rd quarter. National Pension Service now owns 1,112,168 shares of the business services provider's stock worth $199,801,000 after purchasing an additional 93,508 shares during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.

Analysts Set New Price Targets

FI has been the subject of several research analyst reports. Seaport Res Ptn raised shares of Fiserv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Mizuho lifted their target price on Fiserv from $183.00 to $222.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. UBS Group boosted their price objective on shares of Fiserv from $185.00 to $240.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Susquehanna raised their price objective on Fiserv from $230.00 to $270.00 and gave the stock a "positive" rating in a research report on Monday, February 10th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Fiserv from $238.00 to $260.00 and gave the stock an "outperform" rating in a research report 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 issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $239.83.

Fiserv Stock Down 0.1 %

Shares of FI traded down $0.16 during midday trading on Wednesday, reaching $236.13. 2,849,894 shares of the company were exchanged, compared to its average volume of 2,708,890. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $237.13. The company has a market cap of $134.34 billion, a price-to-earnings ratio of 43.81, a P/E/G ratio of 1.49 and a beta of 0.94. The stock has a 50-day moving average price of $212.02 and a 200-day moving average price of $197.21.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping 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%. Research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv Company 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.