Fiserv, Inc. (NYSE:FI) Shares Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC raised its position in shares of Fiserv, Inc. (NYSE:FI) by 3.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,244 shares of the business services provider’s stock after acquiring an additional 209 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Fiserv were worth $1,283,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Soros Capital Management LLC grew its position in shares of Fiserv by 71.7% in the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after purchasing an additional 22,884 shares in the last quarter. Czech National Bank grew its position in shares of Fiserv by 5.2% in the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after purchasing an additional 6,072 shares in the last quarter. Chiron Investment Management LLC purchased a new stake in shares of Fiserv in the third quarter valued at approximately $4,709,000. Trust Co. of Vermont grew its position in shares of Fiserv by 170.4% in the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock valued at $1,405,000 after purchasing an additional 4,310 shares in the last quarter. Finally, Cardano Risk Management B.V. purchased a new stake in shares of Fiserv in the fourth quarter valued at approximately $97,254,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of a number of analyst reports. Mizuho upped their price target on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Tigress Financial upped their price target on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Susquehanna increased their price objective on Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research report on Monday. JPMorgan Chase & Co. increased their price objective on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Two investment 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $239.83.

Fiserv Stock Down 0.3 %

Fiserv stock opened at $229.97 on Wednesday. Fiserv, Inc. has a 1-year low of $142.47 and a 1-year high of $233.26. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The stock has a market cap of $130.83 billion, a PE ratio of 42.67, a P/E/G ratio of 1.52 and a beta of 0.94. The stock’s fifty day moving average is $209.25 and its two-hundred day moving average is $194.28.

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 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%. On average, sell-side analysts expect that Fiserv, Inc. will post 10.22 EPS for the current fiscal 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.