Fiserv, Inc. (NYSE:FI) Stock Holdings Boosted by Hemington Wealth Management

Hemington Wealth Management grew its stake in shares of Fiserv, Inc. (NYSE:FI) by 6.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 864 shares of the business services provider’s stock after acquiring an additional 50 shares during the period. Hemington Wealth Management’s holdings in Fiserv were worth $177,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

FI has been the subject of a number of recent analyst reports. 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 report on Thursday, October 24th. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Stephens lifted their price objective on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Royal Bank of Canada lifted their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Oppenheimer lifted their target price on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $239.83.

Fiserv Price Performance

Shares of NYSE:FI opened at $227.83 on Thursday. The firm has a market capitalization of $129.62 billion, a price-to-earnings ratio of 42.27, a PEG ratio of 1.52 and a beta of 0.94. The stock’s 50 day moving average is $209.54 and its 200-day moving average is $194.77. Fiserv, Inc. has a twelve month low of $142.47 and a twelve month high of $233.26. 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 posted its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Sell-side analysts forecast that Fiserv, Inc. will post 10.22 EPS for the current fiscal year.

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.