Quotient Wealth Partners LLC Acquires 256 Shares of Fiserv, Inc. (NYSE:FI)

Quotient Wealth Partners LLC grew its holdings in Fiserv, Inc. (NYSE:FI) by 8.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,186 shares of the business services provider’s stock after acquiring an additional 256 shares during the period. Quotient Wealth Partners LLC’s holdings in Fiserv were worth $654,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC raised its holdings in Fiserv by 17.8% in the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after acquiring an additional 1,427,664 shares during the period. Sanders Capital LLC bought a new position in shares of Fiserv in the third quarter worth about $764,543,000. Barclays PLC lifted its position in shares of Fiserv by 3.0% during the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after purchasing an additional 48,413 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Fiserv by 0.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock valued at $236,739,000 after purchasing an additional 4,218 shares during the period. Finally, National Pension Service grew its holdings in Fiserv by 9.2% in the 3rd quarter. National Pension Service now owns 1,112,168 shares of the business services provider’s stock valued at $199,801,000 after buying an additional 93,508 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Down 0.5 %

Shares of NYSE:FI opened at $230.18 on Monday. 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 52 week low of $142.14 and a 52 week high of $233.26. The company has a 50 day moving average price of $209.01 and a two-hundred day moving average price of $193.52. The company has a market capitalization of $130.95 billion, a PE ratio of 42.71, a PEG ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last announced 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 net margin of 15.31% and a return on equity of 17.93%. Analysts forecast that Fiserv, Inc. will post 10.22 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of several research reports. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. UBS Group raised their price target on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. TD Cowen increased their target price on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada boosted their price target on Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, BMO Capital Markets raised their price objective on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday. Two research 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 company. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of “Buy” and a consensus price target of $235.91.

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.