Kestra Private Wealth Services LLC Has $1.57 Million Stake in Fiserv, Inc. (NYSE:FI)

Kestra Private Wealth Services LLC lifted its position in shares of Fiserv, Inc. (NYSE:FI) by 20.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,661 shares of the business services provider’s stock after buying an additional 1,288 shares during the period. Kestra Private Wealth Services LLC’s holdings in Fiserv were worth $1,574,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Howland Capital Management LLC increased its position in shares of Fiserv by 3.9% in the fourth quarter. Howland Capital Management LLC now owns 13,810 shares of the business services provider’s stock valued at $2,837,000 after acquiring an additional 516 shares during the last quarter. Quotient Wealth Partners LLC increased its holdings in Fiserv by 8.7% during the fourth quarter. Quotient Wealth Partners LLC now owns 3,186 shares of the business services provider’s stock worth $654,000 after buying an additional 256 shares during the last quarter. Entropy Technologies LP acquired a new position in Fiserv during the fourth quarter worth $1,690,000. Empowered Funds LLC grew its holdings in Fiserv by 12.5% during the fourth quarter. Empowered Funds LLC now owns 10,492 shares of the business services provider’s stock worth $2,155,000 after purchasing an additional 1,164 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its position in Fiserv by 7.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 18,529 shares of the business services provider’s stock worth $3,806,000 after buying an additional 1,215 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Down 0.9 %

Fiserv stock opened at $227.83 on Thursday. The firm has a market capitalization of $129.62 billion, a price-to-earnings ratio of 42.27, a P/E/G ratio of 1.52 and a beta of 0.94. The firm has a 50 day simple moving average of $209.54 and a 200 day simple moving average of $194.77. Fiserv, Inc. has a 1-year low of $142.47 and a 1-year high of $233.26. 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 posted its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. On average, analysts predict that Fiserv, Inc. will post 10.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Tigress Financial increased their price target on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Royal Bank of Canada lifted their price target on shares of Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. UBS Group increased their price target on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Stephens lifted their price objective on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Citigroup increased their target price on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Two investment 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. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average 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.