Fiserv, Inc. (NYSE:FI) Stake Decreased by Meridiem Investment Management Ltd.

Meridiem Investment Management Ltd. cut its stake in Fiserv, Inc. (NYSE:FI) by 9.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,876,079 shares of the business services provider’s stock after selling 186,464 shares during the period. Fiserv comprises approximately 6.9% of Meridiem Investment Management Ltd.’s portfolio, making the stock its largest position. Meridiem Investment Management Ltd. owned about 0.33% of Fiserv worth $385,588,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. bought a new position in Fiserv during the fourth quarter valued at approximately $29,000. Compass Financial Services Inc purchased a new stake in shares of Fiserv in the 4th quarter valued at $31,000. Kennebec Savings Bank bought a new position in shares of Fiserv during the 3rd quarter valued at $40,000. Northwest Investment Counselors LLC purchased a new position in Fiserv in the 3rd quarter worth $44,000. Finally, Friedenthal Financial bought a new stake in Fiserv in the fourth quarter worth $49,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the topic of several analyst reports. Compass Point initiated coverage on Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price objective on the stock. The Goldman Sachs Group lifted their price target on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. BMO Capital Markets increased their price objective on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Wells Fargo & Company raised their target price on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $239.83.

Fiserv Price Performance

Shares of FI stock opened at $230.85 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The stock 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 business’s fifty day moving average is $210.77 and its 200 day moving average is $195.95. Fiserv, Inc. has a twelve month low of $145.44 and a twelve month high of $233.26.

Fiserv (NYSE:FI) last released its earnings results 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%. Research 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.