Equitable Trust Co. Purchases Shares of 1,183 Fiserv, Inc. (NYSE:FI)

Equitable Trust Co. acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,183 shares of the business services provider’s stock, valued at approximately $243,000.

Other large investors also recently modified their holdings of the company. Valley National Advisers Inc. purchased a new position in shares of Fiserv during the 4th quarter valued at about $29,000. Compass Financial Services Inc purchased a new position in shares of Fiserv during the 4th quarter valued at about $31,000. Cedar Mountain Advisors LLC raised its holdings in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares in the last quarter. Kennebec Savings Bank purchased a new position in Fiserv in the 3rd quarter worth approximately $40,000. Finally, Friedenthal Financial purchased a new position in Fiserv in the 4th quarter worth approximately $49,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FI has been the topic of a number of analyst reports. Barclays lifted their price target on Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday. Wells Fargo & Company lifted their price target on Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. 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. UBS Group lifted their price target on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley lifted their price target on Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, 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 $229.97 on Wednesday. The stock has a market cap of $130.83 billion, a price-to-earnings ratio of 42.67, a PEG ratio of 1.52 and a beta of 0.94. The business’s fifty day moving average is $209.25 and its 200 day moving average is $194.28. Fiserv, Inc. has a twelve month low of $142.47 and a twelve month high of $233.26. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping 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%. 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.