Marks Group Wealth Management Inc Has $10.33 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Marks Group Wealth Management Inc reduced its position in Fiserv, Inc. (NYSE:FI) by 6.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 50,281 shares of the business services provider’s stock after selling 3,307 shares during the period. Fiserv accounts for approximately 1.0% of Marks Group Wealth Management Inc’s investment portfolio, making the stock its 17th largest holding. Marks Group Wealth Management Inc’s holdings in Fiserv were worth $10,329,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Catalina Capital Group LLC increased its position in Fiserv by 2.3% in the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock worth $444,000 after purchasing an additional 48 shares during the period. Mount Yale Investment Advisors LLC boosted its stake in shares of Fiserv by 1.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock valued at $848,000 after purchasing an additional 50 shares during the last quarter. Waypoint Capital Advisors LLC grew its position in shares of Fiserv by 1.7% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after buying an additional 51 shares during the period. Wealthcare Advisory Partners LLC raised its stake in shares of Fiserv by 3.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock worth $360,000 after buying an additional 51 shares during the last quarter. Finally, Optas LLC lifted its holdings in Fiserv by 1.7% in the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after buying an additional 54 shares during the period. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Down 0.3 %

NYSE:FI opened at $229.97 on Wednesday. The company has a market cap of $130.84 billion, a P/E ratio of 42.67, a price-to-earnings-growth 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 business has a 50 day moving average price of $209.25 and a two-hundred day moving average price of $194.28. 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 earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS 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%. As a group, analysts expect that Fiserv, Inc. will post 10.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Morgan Stanley lifted their target price on shares of Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Mizuho upped their price objective on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Citigroup raised 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. Royal Bank of Canada upped their price target on Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Oppenheimer increased their price target on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Two 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 stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price 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.