Bfsg LLC Has $1.05 Million Stake in Fiserv, Inc. (NYSE:FI)

Bfsg LLC raised its position in Fiserv, Inc. (NYSE:FI) by 1,401.2% during the fourth quarter, Holdings Channel reports. The firm owned 5,089 shares of the business services provider’s stock after purchasing an additional 4,750 shares during the period. Bfsg LLC’s holdings in Fiserv were worth $1,045,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Valley National Advisers Inc. acquired a new position in shares of Fiserv during the 4th quarter valued at $29,000. Compass Financial Services Inc acquired a new position in shares of Fiserv during the 4th quarter valued at $31,000. Kennebec Savings Bank acquired a new position in shares of Fiserv during the 3rd quarter valued at $40,000. Northwest Investment Counselors LLC acquired a new position in shares of Fiserv during the 3rd quarter valued at $44,000. Finally, Friedenthal Financial acquired a new position in shares of Fiserv during the 4th quarter valued at $49,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on FI shares. TD Cowen boosted their target price on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Mizuho boosted their target price on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Wells Fargo & Company boosted their price target on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Oppenheimer boosted their price target on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Finally, Compass Point began coverage on shares of Fiserv in a research note on Wednesday, November 20th. They set a “buy” rating and a $278.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $239.83.

Fiserv Price Performance

FI opened at $236.03 on Wednesday. The firm has a market cap of $134.28 billion, a P/E ratio of 43.79, a PEG ratio of 1.52 and a beta of 0.94. The firm has a 50-day moving average of $212.02 and a 200 day moving average of $197.21. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. Fiserv, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $236.93.

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