Fiserv, Inc. (NYSE:FI) Position Reduced by Buckhead Capital Management LLC

Buckhead Capital Management LLC trimmed its position in shares of Fiserv, Inc. (NYSE:FI) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,746 shares of the business services provider’s stock after selling 272 shares during the quarter. Fiserv makes up about 2.3% of Buckhead Capital Management LLC’s portfolio, making the stock its 6th biggest holding. Buckhead Capital Management LLC’s holdings in Fiserv were worth $7,343,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FI. Investment Partners Asset Management Inc. purchased a new position in Fiserv during the fourth quarter worth approximately $219,000. Avestar Capital LLC increased its position in shares of Fiserv by 12.3% in the fourth quarter. Avestar Capital LLC now owns 4,505 shares of the business services provider’s stock valued at $925,000 after buying an additional 494 shares in the last quarter. Hemington Wealth Management lifted its position in shares of Fiserv by 6.1% during the 4th 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 in the last quarter. Consolidated Planning Corp grew its stake in Fiserv by 1.4% in the 4th quarter. Consolidated Planning Corp now owns 22,794 shares of the business services provider’s stock valued at $4,682,000 after acquiring an additional 321 shares during the period. Finally, Van ECK Associates Corp grew its stake in Fiserv by 2.7% in the 4th quarter. Van ECK Associates Corp now owns 22,699 shares of the business services provider’s stock valued at $4,663,000 after acquiring an additional 594 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Jefferies Financial Group increased their price objective on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price target on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group boosted their price objective on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods increased their target price on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company boosted their price target on Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Two 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $239.83.

Fiserv Trading Up 1.0 %

Shares of Fiserv stock opened at $229.93 on Friday. The stock has a 50 day moving average of $209.78 and a 200 day moving average of $195.00. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The firm has a market capitalization of $130.81 billion, a price-to-earnings ratio of 42.66, a PEG ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a fifty-two week low of $142.98 and a fifty-two week high of $233.26.

Fiserv (NYSE:FI) last released its quarterly earnings results 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 return on equity of 17.93% and a net margin of 15.31%. As a group, research analysts predict that Fiserv, Inc. will post 10.22 earnings per share for the current year.

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.