VeraBank N.A. Sells 60 Shares of Fiserv, Inc. (NYSE:FI)

VeraBank N.A. lowered its position in shares of Fiserv, Inc. (NYSE:FI) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,445 shares of the business services provider’s stock after selling 60 shares during the period. VeraBank N.A.’s holdings in Fiserv were worth $1,324,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FI. Sanders Capital LLC purchased a new position in Fiserv in the 3rd quarter worth $764,543,000. FMR LLC increased its holdings in shares of 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 buying an additional 1,427,664 shares during the period. Kovitz Investment Group Partners LLC boosted its holdings in Fiserv by 788.7% during the 3rd 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 during the period. Mizuho Securities USA LLC boosted its holdings in Fiserv by 1,238.6% during the 3rd 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 during the period. Finally, Cardano Risk Management B.V. bought a new position in Fiserv during the 4th quarter worth approximately $97,254,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Up 0.4 %

Shares of NYSE:FI opened at $230.85 on Friday. The stock has a fifty day simple moving average of $210.77 and a two-hundred day simple moving average of $195.72. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $131.34 billion, a price-to-earnings ratio of 42.83, a PEG ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a 12-month low of $145.44 and a 12-month high of $233.26.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share 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, research analysts anticipate that Fiserv, Inc. will post 10.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on FI shares. The Goldman Sachs Group increased their price objective on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. UBS Group increased their price target on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Citigroup boosted their price objective on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Mizuho increased their target price on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company upped their price target on Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. 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, Fiserv presently has a consensus rating of “Buy” and a consensus target price 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.