Newman Dignan & Sheerar Inc. Reduces Position in Fiserv, Inc. (NYSE:FI)

Newman Dignan & Sheerar Inc. trimmed its holdings in Fiserv, Inc. (NYSE:FI) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,858 shares of the business services provider’s stock after selling 509 shares during the quarter. Newman Dignan & Sheerar Inc.’s holdings in Fiserv were worth $2,641,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Creative Planning lifted its position in Fiserv by 4.7% during the third quarter. Creative Planning now owns 148,405 shares of the business services provider’s stock worth $26,661,000 after buying an additional 6,649 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in shares of Fiserv by 13.8% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 1,715 shares of the business services provider’s stock worth $308,000 after acquiring an additional 208 shares during the period. Vontobel Holding Ltd. boosted its position in shares of Fiserv by 0.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 40,676 shares of the business services provider’s stock valued at $7,307,000 after acquiring an additional 170 shares during the last quarter. Good Life Advisors LLC acquired a new position in shares of Fiserv during the 3rd quarter valued at about $286,000. Finally, Global Retirement Partners LLC boosted its position in shares of Fiserv by 4.7% during the 3rd quarter. Global Retirement Partners LLC now owns 11,112 shares of the business services provider’s stock valued at $1,996,000 after acquiring an additional 495 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Up 0.4 %

Shares of NYSE:FI opened at $230.85 on Friday. The firm’s 50 day moving average price is $210.30 and its 200 day moving average price is $195.24. The stock has a market cap of $131.34 billion, a price-to-earnings ratio of 42.83, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a fifty-two week low of $145.44 and a fifty-two week high of $233.26. 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 released its quarterly earnings data 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%. As a group, equities research analysts predict that Fiserv, Inc. will post 10.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. KeyCorp boosted their price target on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. TD Cowen upped their target price on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Citigroup increased their target price on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Royal Bank of Canada increased their target price on shares of Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Finally, UBS Group increased their target price 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. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv currently has an average rating of “Buy” and a consensus price target of $239.83.

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.