Palumbo Wealth Management LLC Boosts Stock Position in Fiserv, Inc. (NYSE:FI)

Palumbo Wealth Management LLC increased its position in Fiserv, Inc. (NYSE:FI - Free Report) by 10.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,362 shares of the business services provider's stock after acquiring an additional 1,601 shares during the period. Fiserv makes up about 1.3% of Palumbo Wealth Management LLC's portfolio, making the stock its 18th biggest holding. Palumbo Wealth Management LLC's holdings in Fiserv were worth $3,361,000 at the end of the most recent reporting period.

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

Fiserv Trading Down 0.1 %

Fiserv stock traded down $0.16 during mid-day trading on Wednesday, hitting $236.13. The company's stock had a trading volume of 2,849,894 shares, compared to its average volume of 2,708,890. Fiserv, Inc. has a 1 year low of $145.98 and a 1 year 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 price-to-earnings-growth ratio of 1.49 and a beta of 0.94. The stock's fifty day moving average is $212.02 and its two-hundred day moving average is $197.21.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. On average, analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Upgrades and Downgrades

FI has been the subject of several analyst reports. Jefferies Financial Group boosted their target price on shares of Fiserv from $195.00 to $200.00 and gave the company a "hold" rating in a research note on Tuesday, October 22nd. Mizuho increased their target price on shares of Fiserv from $183.00 to $222.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. TD Cowen lifted their price target on Fiserv from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Citigroup upped their price target on Fiserv from $230.00 to $233.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Finally, UBS Group raised their price objective on Fiserv from $185.00 to $240.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus 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.