Pittenger & Anderson Inc. Trims Position in Fiserv, Inc. (NYSE:FI)

Pittenger & Anderson Inc. lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,922,579 shares of the business services provider’s stock after selling 10,000 shares during the quarter. Fiserv accounts for approximately 21.8% of Pittenger & Anderson Inc.’s holdings, making the stock its largest holding. Pittenger & Anderson Inc. owned 0.51% of Fiserv worth $600,356,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FI. Creative Planning boosted its position in shares of Fiserv by 4.7% during the third quarter. Creative Planning now owns 148,405 shares of the business services provider’s stock worth $26,661,000 after buying an additional 6,649 shares during the period. Good Life Advisors LLC acquired a new position in shares of Fiserv during the third quarter worth about $286,000. Blue Trust Inc. raised its holdings in Fiserv by 197.1% during the third quarter. Blue Trust Inc. now owns 5,490 shares of the business services provider’s stock worth $986,000 after acquiring an additional 3,642 shares in the last quarter. Whitaker Myers Wealth Managers LTD. bought a new stake in Fiserv during the third quarter worth about $219,000. Finally, Waypoint Capital Advisors LLC raised its holdings in Fiserv by 1.7% during the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after acquiring an additional 51 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FI has been the topic of several research analyst reports. Susquehanna upped their price objective on Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research note on Monday, February 10th. Mizuho raised their target price on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Stephens raised their target price on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Wells Fargo & Company increased their price target on Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada raised their target price on Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Two equities 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $239.83.

Fiserv Price Performance

FI stock opened at $230.85 on Monday. The company has a market capitalization of $131.34 billion, a P/E ratio of 42.83, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. 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 $145.44 and a 52-week high of $233.26. The business has a 50-day simple moving average of $210.77 and a two-hundred day simple moving average of $196.17.

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

Fiserv Company 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.