Two Point Capital Management Inc. Reduces Stock Holdings in Fiserv, Inc. (NYSE:FI)

Two Point Capital Management Inc. reduced its stake in Fiserv, Inc. (NYSE:FI) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,531 shares of the business services provider’s stock after selling 80 shares during the period. Fiserv accounts for about 3.8% of Two Point Capital Management Inc.’s holdings, making the stock its 12th biggest position. Two Point Capital Management Inc.’s holdings in Fiserv were worth $10,560,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Valley National Advisers Inc. purchased a new position in shares of Fiserv during the fourth quarter worth approximately $29,000. Compass Financial Services Inc purchased a new position in shares of Fiserv during the fourth quarter worth approximately $31,000. Kennebec Savings Bank purchased a new position in shares of Fiserv during the third quarter worth approximately $40,000. Northwest Investment Counselors LLC purchased a new position in shares of Fiserv during the third quarter worth approximately $44,000. Finally, Wolff Wiese Magana LLC grew its position in shares of Fiserv by 904.0% during the third quarter. Wolff Wiese Magana LLC now owns 251 shares of the business services provider’s stock worth $45,000 after acquiring an additional 226 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FI has been the topic of a number of research reports. TD Cowen raised their target price on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Mizuho increased their price target on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. UBS Group increased their price target on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group increased their price target on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Finally, Jefferies Financial Group increased their price target on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. 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. According to MarketBeat.com, Fiserv currently has a consensus rating of “Buy” and a consensus price target of $239.83.

Fiserv Trading Down 0.9 %

Shares of FI stock opened at $227.83 on Thursday. Fiserv, Inc. has a fifty-two week low of $142.47 and a fifty-two week high of $233.26. The stock has a market cap of $129.62 billion, a P/E ratio of 42.27, a P/E/G ratio of 1.52 and a beta of 0.94. The business has a fifty day simple moving average of $209.54 and a 200-day simple moving average of $194.77. 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 announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating 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, analysts forecast that Fiserv, Inc. will post 10.22 earnings per share 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.