Spinnaker Trust Cuts Stock Position in Fiserv, Inc. (NYSE:FI)

Spinnaker Trust lessened its stake in Fiserv, Inc. (NYSE:FI) by 1.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,296 shares of the business services provider’s stock after selling 75 shares during the quarter. Spinnaker Trust’s holdings in Fiserv were worth $1,499,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Valley National Advisers Inc. purchased a new stake in shares of Fiserv during the fourth quarter worth $29,000. Compass Financial Services Inc purchased a new stake in shares of Fiserv during the fourth quarter worth $31,000. Kennebec Savings Bank purchased a new stake in shares of Fiserv during the third quarter worth $40,000. Friedenthal Financial acquired a new position in shares of Fiserv during the 4th quarter valued at about $49,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Fiserv during the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 0.4 %

Shares of NYSE:FI opened at $230.85 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The firm has a market capitalization of $131.34 billion, a PE ratio of 42.83, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The firm’s 50-day moving average is $210.30 and its two-hundred day moving average is $195.24. Fiserv, Inc. has a 1 year low of $145.44 and a 1 year high of $233.26.

Fiserv (NYSE:FI) last issued 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%. Analysts predict that Fiserv, Inc. will post 10.22 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FI shares. JPMorgan Chase & Co. boosted their price target on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Oppenheimer boosted their price target on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Tigress Financial boosted their price target on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group boosted their price target on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Two 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 stock currently has an average rating of “Buy” and an average target price of $239.83.

Fiserv 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.