Atlantic Edge Private Wealth Management LLC Decreases Stock Holdings in Fiserv, Inc. (NYSE:FI)

Atlantic Edge Private Wealth Management LLC trimmed its stake in shares of Fiserv, Inc. (NYSE:FI) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,168 shares of the business services provider’s stock after selling 542 shares during the period. Fiserv makes up 1.2% of Atlantic Edge Private Wealth Management LLC’s investment portfolio, making the stock its 21st largest holding. Atlantic Edge Private Wealth Management LLC’s holdings in Fiserv were worth $3,937,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in FI. Sanders Capital LLC purchased a new position in shares of Fiserv during the third quarter valued at approximately $764,543,000. FMR LLC raised its holdings in shares of Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after purchasing an additional 1,427,664 shares during the last quarter. Kovitz Investment Group Partners LLC raised its holdings in shares of Fiserv by 788.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock valued at $109,700,000 after purchasing an additional 561,377 shares during the last quarter. Mizuho Securities USA LLC raised its holdings in shares of Fiserv by 1,238.6% during the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after purchasing an additional 558,774 shares during the last quarter. Finally, Cardano Risk Management B.V. purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $97,254,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

Shares of NYSE:FI opened at $230.55 on Tuesday. Fiserv, Inc. has a 52 week low of $142.47 and a 52 week high of $233.26. The stock has a market capitalization of $131.16 billion, a P/E ratio of 42.77, a PEG ratio of 1.52 and a beta of 0.94. The firm has a fifty day simple moving average of $209.01 and a two-hundred day simple moving average of $193.75. 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 issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 EPS 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, analysts expect that Fiserv, Inc. will post 10.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. The Goldman Sachs Group upped their target price on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods upped their target price on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Royal Bank of Canada upped their target price on shares of Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Wells Fargo & Company upped their target price on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Morgan Stanley upped their target price on shares of Fiserv from $258.00 to $267.00 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 assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average 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.