Copperleaf Capital LLC Purchases 616 Shares of Fiserv, Inc. (NYSE:FI)

Copperleaf Capital LLC lifted its position in Fiserv, Inc. (NYSE:FI) by 15.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,496 shares of the business services provider’s stock after acquiring an additional 616 shares during the quarter. Copperleaf Capital LLC’s holdings in Fiserv were worth $924,000 as of its most recent SEC filing.

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

Fiserv Trading Up 0.4 %

Shares of FI stock opened at $230.85 on Friday. 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 company has a market cap of $131.34 billion, a price-to-earnings ratio of 42.83, a PEG ratio of 1.52 and a beta of 0.94. The stock has a 50 day simple moving average of $210.77 and a 200-day simple moving average of $195.72. Fiserv, Inc. has a 1-year low of $145.44 and a 1-year high of $233.26.

Fiserv (NYSE:FI) last announced 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 expect that Fiserv, Inc. will post 10.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FI. Morgan Stanley upped their price objective on shares of Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. upped their price objective on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Oppenheimer upped their price objective on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. BMO Capital Markets upped their price objective on shares of Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada upped their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Fiserv has a consensus rating of “Buy” and an average price target 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.