Core Alternative Capital Sells 1,008 Shares of Fiserv, Inc. (NYSE:FI)

Core Alternative Capital decreased its stake in shares of Fiserv, Inc. (NYSE:FI) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,094 shares of the business services provider’s stock after selling 1,008 shares during the quarter. Fiserv comprises about 2.0% of Core Alternative Capital’s portfolio, making the stock its 9th biggest holding. Core Alternative Capital’s holdings in Fiserv were worth $9,674,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Essex Financial Services Inc. increased its position in shares of Fiserv by 10.5% during the 4th quarter. Essex Financial Services Inc. now owns 2,757 shares of the business services provider’s stock worth $566,000 after purchasing an additional 262 shares during the last quarter. Equitable Trust Co. acquired a new position in shares of Fiserv during the 4th quarter worth approximately $243,000. Soltis Investment Advisors LLC increased its position in shares of Fiserv by 843.9% during the 4th quarter. Soltis Investment Advisors LLC now owns 20,861 shares of the business services provider’s stock worth $4,285,000 after purchasing an additional 18,651 shares during the last quarter. Angeles Wealth Management LLC increased its position in shares of Fiserv by 32.6% during the 4th quarter. Angeles Wealth Management LLC now owns 3,394 shares of the business services provider’s stock worth $697,000 after purchasing an additional 835 shares during the last quarter. Finally, 17 Capital Partners LLC boosted its stake in shares of Fiserv by 1.1% during the 4th quarter. 17 Capital Partners LLC now owns 7,443 shares of the business services provider’s stock worth $1,529,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Price Performance

Fiserv stock opened at $230.55 on Tuesday. 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 $142.47 and a 52 week high of $233.26. The stock has a market capitalization of $131.16 billion, a P/E ratio of 42.77, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The stock has a fifty day moving average of $209.01 and a 200-day moving average of $193.75.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping analysts’ consensus estimates 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 expect that Fiserv, Inc. will post 10.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FI. Compass Point began coverage on Fiserv in a research note on Wednesday, November 20th. They set a “buy” rating and a $278.00 target price for the company. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Mizuho lifted their target price on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Stephens lifted their target price on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Citigroup lifted their target price on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Two 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. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $239.83.

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.