Fiserv, Inc. (NYSE:FI) Shares Sold by WASHINGTON TRUST Co

WASHINGTON TRUST Co reduced its position in shares of Fiserv, Inc. (NYSE:FI) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,466 shares of the business services provider’s stock after selling 77 shares during the period. WASHINGTON TRUST Co’s holdings in Fiserv were worth $1,328,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FI. Valley National Advisers Inc. acquired a new stake in shares of Fiserv during the fourth quarter worth approximately $29,000. Compass Financial Services Inc bought a new stake in shares of Fiserv in the 4th quarter worth about $31,000. Kennebec Savings Bank bought a new stake in shares of Fiserv in the 3rd quarter worth about $40,000. Northwest Investment Counselors LLC acquired a new stake in shares of Fiserv in the 3rd quarter valued at about $44,000. Finally, Friedenthal Financial bought a new position in shares of Fiserv during the fourth quarter worth about $49,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FI has been the subject of a number of research reports. Susquehanna lifted their price objective on shares of Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a report on Monday, February 10th. Mizuho lifted their price target on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. UBS Group increased their price objective on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Compass Point assumed coverage on shares of Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price on the stock. Finally, Barclays increased their price target on Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Two equities 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $239.83.

Fiserv Stock Up 0.4 %

Shares of Fiserv stock opened at $230.85 on Friday. Fiserv, Inc. has a 12-month low of $145.44 and a 12-month 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. 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 has a 50 day moving average price of $210.30 and a two-hundred day moving average price of $195.24.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that Fiserv, Inc. will post 10.22 earnings per share for the current year.

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.