GAM Holding AG Sells 8,568 Shares of Fiserv, Inc. (NYSE:FI)

GAM Holding AG lessened its holdings in Fiserv, Inc. (NYSE:FI) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,871 shares of the business services provider’s stock after selling 8,568 shares during the quarter. Fiserv accounts for approximately 1.6% of GAM Holding AG’s investment portfolio, making the stock its 13th biggest holding. GAM Holding AG’s holdings in Fiserv were worth $21,748,000 at the end of the most recent quarter.

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

Fiserv Price Performance

Shares of NYSE:FI opened at $230.85 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $131.34 billion, a PE ratio of 42.83, a PEG ratio of 1.52 and a beta of 0.94. The firm has a 50 day moving average of $210.77 and a 200-day moving average of $196.17. Fiserv, Inc. has a 12 month low of $145.44 and a 12 month high of $233.26.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share 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%. On average, equities research analysts predict that Fiserv, Inc. will post 10.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FI has been the topic of a number of research analyst reports. Oppenheimer upped their target price on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods raised their price objective on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Jefferies Financial Group boosted their target price on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Compass Point started coverage on Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target on the stock. Finally, TD Cowen lifted their price objective on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus 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.