Valmark Advisers Inc. Sells 859 Shares of Fiserv, Inc. (NYSE:FI)

Valmark Advisers Inc. lessened its position in Fiserv, Inc. (NYSE:FI) by 28.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,136 shares of the business services provider’s stock after selling 859 shares during the period. Valmark Advisers Inc.’s holdings in Fiserv were worth $439,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Catalina Capital Group LLC grew its position in Fiserv by 2.3% in the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock valued at $444,000 after purchasing an additional 48 shares during the period. Mount Yale Investment Advisors LLC lifted its stake in shares of Fiserv by 1.2% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock valued at $848,000 after buying an additional 50 shares in 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 valued at $177,000 after buying an additional 50 shares during the last quarter. Wealthcare Advisory Partners LLC increased its position 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 acquiring an additional 51 shares in the last quarter. Finally, Optas LLC raised its holdings in shares of Fiserv by 1.7% in the 3rd quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock worth $578,000 after acquiring an additional 54 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of NYSE FI opened at $236.03 on Wednesday. The stock’s 50-day moving average is $211.33 and its 200 day moving average is $196.66. The stock has a market cap of $134.28 billion, a price-to-earnings ratio of 43.79, a P/E/G ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $236.93. 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) last announced its quarterly earnings data 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 net margin of 15.31% and a return on equity of 17.93%. On average, sell-side analysts anticipate that Fiserv, Inc. will post 10.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of recent research reports. TD Cowen boosted their price objective on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Citigroup increased their price target on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Oppenheimer lifted their price objective on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, Stephens increased their target price on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Fiserv currently has an average rating of “Buy” and a consensus target price of $239.83.

About Fiserv

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.