GAM Holding AG Has $21.75 Million Stock Position in Fiserv, Inc. (NYSE:FI)

GAM Holding AG cut its position in Fiserv, Inc. (NYSE:FI) by 7.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 105,871 shares of the business services provider’s stock after selling 8,568 shares during the quarter. Fiserv accounts for 1.6% of GAM Holding AG’s portfolio, making the stock its 13th biggest holding. GAM Holding AG’s holdings in Fiserv were worth $21,748,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. bought a new position in shares of Fiserv in the fourth quarter valued at $29,000. Compass Financial Services Inc purchased a new stake in shares of Fiserv in the fourth quarter worth approximately $31,000. Kennebec Savings Bank bought a new position in shares of Fiserv in the third quarter valued at approximately $40,000. Roxbury Financial LLC bought a new stake in Fiserv during the fourth quarter worth $50,000. Finally, Friedenthal Financial bought a new stake in Fiserv during the fourth quarter worth $49,000. 90.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on FI. KeyCorp lifted their price objective on shares of Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Tigress Financial boosted their price target on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Royal Bank of Canada increased their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Stephens increased their price target on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Citigroup lifted their price target on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $239.83.

Fiserv Stock Performance

Shares of FI opened at $230.85 on Tuesday. The stock’s 50-day simple moving average is $210.77 and its 200 day simple moving average is $196.17. Fiserv, Inc. has a 52-week low of $145.44 and a 52-week high of $233.26. The stock has a market capitalization of $131.34 billion, a price-to-earnings 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 (NYSE:FI) last issued its quarterly earnings data 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 net margin of 15.31% and a return on equity of 17.93%. Research analysts forecast that Fiserv, Inc. will post 10.22 EPS for the current fiscal year.

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.