Fiserv, Inc. (NYSE:FI) is Mcrae Capital Management Inc.'s 4th Largest Position

Mcrae Capital Management Inc. decreased its position in Fiserv, Inc. (NYSE:FI - Free Report) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 122,551 shares of the business services provider's stock after selling 6,553 shares during the period. Fiserv accounts for about 4.9% of Mcrae Capital Management Inc.'s investment portfolio, making the stock its 4th biggest position. Mcrae Capital Management Inc.'s holdings in Fiserv were worth $25,174,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of FI. Investment Partners Asset Management Inc. purchased a new stake in shares of Fiserv in the 4th quarter worth $219,000. Avestar Capital LLC raised its holdings in shares of Fiserv by 12.3% in the fourth quarter. Avestar Capital LLC now owns 4,505 shares of the business services provider's stock valued at $925,000 after acquiring an additional 494 shares in the last quarter. Hemington Wealth Management lifted its stake in Fiserv by 6.1% in the fourth quarter. Hemington Wealth Management now owns 864 shares of the business services provider's stock worth $177,000 after acquiring an additional 50 shares during the period. Consolidated Planning Corp grew its holdings in Fiserv by 1.4% during the 4th quarter. Consolidated Planning Corp now owns 22,794 shares of the business services provider's stock worth $4,682,000 after acquiring an additional 321 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in Fiserv by 2.7% during the 4th quarter. Van ECK Associates Corp now owns 22,699 shares of the business services provider's stock valued at $4,663,000 after purchasing an additional 594 shares during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FI shares. 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. Keefe, Bruyette & Woods increased their target price on Fiserv from $238.00 to $260.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Oppenheimer boosted their price target on Fiserv from $214.00 to $239.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. UBS Group upped their price objective on Fiserv from $185.00 to $240.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Finally, Citigroup lifted their target price on Fiserv from $230.00 to $233.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $239.83.

Fiserv Stock Performance

Shares of FI stock traded up $5.43 during mid-day trading on Tuesday, reaching $236.03. The stock had a trading volume of 5,086,184 shares, compared to its average volume of 2,704,316. 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 $236.93. The firm has a market cap of $134.28 billion, a price-to-earnings ratio of 43.79, a PEG ratio of 1.52 and a beta of 0.94. The business's fifty day moving average is $211.33 and its 200-day moving average is $196.66.

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 (EPS) for the quarter, topping 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, research analysts forecast that Fiserv, Inc. will post 10.22 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.