Valmark Advisers Inc. Sells 859 Shares of Fiserv, Inc. (NYSE:FI)

Valmark Advisers Inc. lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 28.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,136 shares of the business services provider’s stock after selling 859 shares during the quarter. Valmark Advisers Inc.’s holdings in Fiserv were worth $439,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Catalina Capital Group LLC lifted its holdings in shares of Fiserv by 2.3% during the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock valued at $444,000 after purchasing an additional 48 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its stake in Fiserv by 1.2% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock valued at $848,000 after buying an additional 50 shares in the last quarter. Hemington Wealth Management increased its position in shares of Fiserv by 6.1% during the fourth quarter. Hemington Wealth Management now owns 864 shares of the business services provider’s stock worth $177,000 after acquiring an additional 50 shares in the last quarter. Wealthcare Advisory Partners LLC raised its holdings in shares of Fiserv by 3.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock worth $360,000 after acquiring an additional 51 shares during the period. Finally, Optas LLC lifted its position in Fiserv by 1.7% in the 3rd quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after acquiring an additional 54 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of NYSE FI opened at $236.03 on Wednesday. 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 company has a market capitalization of $134.28 billion, a PE ratio of 43.79, a P/E/G ratio of 1.52 and a beta of 0.94. The firm has a fifty day simple moving average of $211.33 and a 200 day simple moving average of $196.66. Fiserv, Inc. has a twelve month low of $145.98 and a twelve month high of $236.93.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating 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, sell-side analysts forecast that Fiserv, Inc. will post 10.22 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group increased their target price on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Stephens lifted their target price on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Mizuho upped their price target on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. TD Cowen lifted their price objective on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Jefferies Financial Group increased their target price on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus 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.