Root Financial Partners LLC Acquires Shares of 1,251 Fiserv, Inc. (NYSE:FI)

Root Financial Partners LLC bought a new stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,251 shares of the business services provider's stock, valued at approximately $257,000.

Several other large investors have also recently bought and sold shares of the stock. Catalina Capital Group LLC grew its position in Fiserv by 2.3% in 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 last quarter. Mount Yale Investment Advisors LLC grew its holdings 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 worth $848,000 after purchasing an additional 50 shares during the last quarter. Hemington Wealth Management grew its holdings 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 worth $177,000 after purchasing an additional 50 shares during the last quarter. Waypoint Capital Advisors LLC grew its holdings 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 worth $560,000 after purchasing an additional 51 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its holdings 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 worth $360,000 after purchasing an additional 51 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FI shares. TD Cowen boosted 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. Citigroup lifted their price objective on Fiserv from $230.00 to $233.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Susquehanna lifted their price objective on Fiserv from $230.00 to $270.00 and gave the stock a "positive" rating in a research note on Monday, February 10th. Jefferies Financial Group lifted their price objective on Fiserv from $195.00 to $200.00 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd. Finally, Stephens lifted their price objective on Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Two research 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $239.83.

Fiserv Stock Up 2.4 %

Fiserv stock traded up $5.43 during trading on Tuesday, hitting $236.03. 5,085,924 shares of the company were exchanged, compared to its average volume of 2,638,629. The business's 50 day moving average is $211.33 and its 200 day moving average is $196.66. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $236.93. The company has a market capitalization of $134.28 billion, a P/E ratio of 43.79, a PEG ratio of 1.52 and a beta of 0.94. 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 (NYSE:FI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping 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%. Analysts predict 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.