Fiserv, Inc. (NYSE:FI) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its stake in Fiserv, Inc. (NYSE:FI) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,067,625 shares of the business services provider’s stock after selling 32,481 shares during the period. Rhumbline Advisers owned approximately 0.19% of Fiserv worth $219,311,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Catalina Capital Group LLC raised its position in shares of Fiserv by 2.3% in the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock worth $444,000 after buying an additional 48 shares during the period. Mount Yale Investment Advisors LLC raised its holdings 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 worth $848,000 after purchasing an additional 50 shares during the period. Hemington Wealth Management lifted its stake in shares of Fiserv by 6.1% in the 4th quarter. Hemington Wealth Management now owns 864 shares of the business services provider’s stock valued at $177,000 after purchasing an additional 50 shares in the last quarter. Waypoint Capital Advisors LLC grew its holdings 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 purchasing an additional 51 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its position in Fiserv by 3.0% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock worth $360,000 after purchasing an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 0.4 %

Shares of NYSE FI opened at $230.85 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The stock’s 50 day moving average price is $210.30 and its two-hundred day moving average price is $195.24. Fiserv, Inc. has a 52-week low of $145.44 and a 52-week high of $233.26. The stock has a market capitalization of $131.34 billion, a P/E ratio of 42.83, a PEG ratio of 1.52 and a beta of 0.94.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group increased their price target on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Susquehanna raised their price objective on Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research report on Monday, February 10th. Barclays upped their target price on Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, BMO Capital Markets raised their target price on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus 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.