Fiserv, Inc. (NYSE:FI) Shares Bought by Montag A & Associates Inc.

Montag A & Associates Inc. grew its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 139,127 shares of the business services provider's stock after acquiring an additional 3,447 shares during the quarter. Fiserv comprises 1.4% of Montag A & Associates Inc.'s portfolio, making the stock its 13th biggest position. Montag A & Associates Inc.'s holdings in Fiserv were worth $28,579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sanders Capital LLC acquired a new stake in shares of Fiserv in the third quarter valued at about $764,543,000. FMR LLC grew its stake in Fiserv by 17.8% during the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider's stock valued at $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Kovitz Investment Group Partners LLC grew its stake in Fiserv by 788.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider's stock valued at $109,700,000 after purchasing an additional 561,377 shares in the last quarter. Mizuho Securities USA LLC grew its stake in Fiserv by 1,238.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider's stock valued at $108,488,000 after purchasing an additional 558,774 shares in the last quarter. Finally, Cardano Risk Management B.V. acquired a new stake in Fiserv during the 4th quarter valued at approximately $97,254,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

FI traded down $0.16 during trading hours on Wednesday, hitting $236.13. The company's stock had a trading volume of 2,840,281 shares, compared to its average volume of 2,706,857. Fiserv, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $237.13. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $134.34 billion, a PE ratio of 43.81, a PEG ratio of 1.49 and a beta of 0.94. The company has a 50-day simple moving average of $212.02 and a 200 day simple moving average of $197.21.

Fiserv (NYSE:FI - Get Free Report) last posted its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS 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 expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Analysts Set New Price Targets

FI has been the subject of a number of recent analyst reports. Mizuho raised their price objective on Fiserv from $183.00 to $222.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Royal Bank of Canada raised their price objective on Fiserv from $255.00 to $270.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Citigroup increased their target price on Fiserv from $230.00 to $233.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. TD Cowen increased their target price on Fiserv from $200.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Finally, KeyCorp increased their target price on Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $239.83.

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.