Fiserv, Inc. (NYSE:FI) Shares Sold by Cigna Investments Inc. New

Cigna Investments Inc. New cut its position in shares of Fiserv, Inc. (NYSE:FI) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,866 shares of the business services provider’s stock after selling 92 shares during the quarter. Cigna Investments Inc. New’s holdings in Fiserv were worth $1,205,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Valley National Advisers Inc. acquired a new position in shares of Fiserv in the fourth quarter worth $29,000. Compass Financial Services Inc acquired a new position in shares of Fiserv in the fourth quarter worth $31,000. Cedar Mountain Advisors LLC raised its holdings in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares during the last quarter. Kennebec Savings Bank acquired a new position in shares of Fiserv in the third quarter worth $40,000. Finally, Friedenthal Financial acquired a new position in shares of Fiserv in the fourth quarter worth $49,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Trading Up 0.2 %

Shares of NYSE FI opened at $230.55 on Tuesday. The stock’s 50 day moving average price is $209.01 and its two-hundred day moving average price is $193.75. Fiserv, Inc. has a 52-week low of $142.47 and a 52-week high of $233.26. The stock has a market capitalization of $131.16 billion, a P/E ratio of 42.77, a PEG ratio of 1.52 and a beta of 0.94. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (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%. On average, analysts anticipate that Fiserv, Inc. will post 10.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Susquehanna upped their target price on Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research note on Monday. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. upped their target price on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Oppenheimer upped their target price on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Finally, Keefe, Bruyette & Woods boosted their price target on Fiserv from $238.00 to $260.00 and gave the company 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price 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.