Fiserv, Inc. (NYSE:FI) Shares Purchased by Consolidated Planning Corp

Consolidated Planning Corp increased its holdings in Fiserv, Inc. (NYSE:FI) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,794 shares of the business services provider’s stock after buying an additional 321 shares during the quarter. Consolidated Planning Corp’s holdings in Fiserv were worth $4,682,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FI. FMR LLC grew its stake in shares of Fiserv by 17.8% during the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares during the period. Sanders Capital LLC acquired a new position in shares of Fiserv in the third quarter worth about $764,543,000. Barclays PLC boosted its stake in shares of Fiserv by 3.0% during the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after acquiring an additional 48,413 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Fiserv by 0.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock valued at $236,739,000 after acquiring an additional 4,218 shares during the period. Finally, National Pension Service raised its holdings in Fiserv by 9.2% in the 3rd quarter. National Pension Service now owns 1,112,168 shares of the business services provider’s stock worth $199,801,000 after purchasing an additional 93,508 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

NYSE FI opened at $227.83 on Thursday. The stock has a market cap of $129.62 billion, a PE ratio of 42.27, a P/E/G ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a twelve month low of $142.47 and a twelve month high of $233.26. The stock has a fifty day simple moving average of $209.54 and a 200-day simple moving average of $194.77. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last announced its 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 net margin of 15.31% and a return on equity of 17.93%. Equities analysts anticipate that Fiserv, Inc. will post 10.22 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on FI. Citigroup boosted their price objective on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Morgan Stanley lifted their target price on shares of Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Wells Fargo & Company raised their price target on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. KeyCorp increased their target price on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada lifted their price target on Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Two 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 stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $239.83.

About Fiserv

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.