Equitable Trust Co. Invests $243,000 in Fiserv, Inc. (NYSE:FI)

Equitable Trust Co. bought a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,183 shares of the business services provider’s stock, valued at approximately $243,000.

A number of other institutional investors also recently modified their holdings of the company. Soltis Investment Advisors LLC raised its position in Fiserv by 843.9% in the 4th quarter. Soltis Investment Advisors LLC now owns 20,861 shares of the business services provider’s stock valued at $4,285,000 after buying an additional 18,651 shares during the last quarter. Angeles Wealth Management LLC raised its position in Fiserv by 32.6% in the 4th quarter. Angeles Wealth Management LLC now owns 3,394 shares of the business services provider’s stock valued at $697,000 after buying an additional 835 shares during the last quarter. 17 Capital Partners LLC raised its position in Fiserv by 1.1% in the 4th quarter. 17 Capital Partners LLC now owns 7,443 shares of the business services provider’s stock valued at $1,529,000 after buying an additional 80 shares during the last quarter. Compass Financial Services Inc purchased a new stake in Fiserv in the 4th quarter valued at $31,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Fiserv in the 4th quarter valued at $53,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company upped their price objective on Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. KeyCorp upped their price objective on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods upped their price objective on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $239.83.

Fiserv Stock Down 0.3 %

Shares of NYSE FI opened at $229.97 on Wednesday. Fiserv, Inc. has a 52 week low of $142.47 and a 52 week high of $233.26. The business has a 50-day simple moving average of $209.25 and a two-hundred day simple moving average of $194.28. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The company has a market cap of $130.83 billion, a P/E ratio of 42.67, a P/E/G ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last issued 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 return on equity of 17.93% and a net margin of 15.31%. Research analysts anticipate that Fiserv, Inc. will post 10.22 earnings per share for the current fiscal 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.