Allworth Financial LP Has $1.50 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Allworth Financial LP raised its stake in shares of Fiserv, Inc. (NYSE:FI) by 49.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,176 shares of the business services provider’s stock after purchasing an additional 2,368 shares during the period. Allworth Financial LP’s holdings in Fiserv were worth $1,503,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC boosted its position in Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after purchasing an additional 1,427,664 shares during the last quarter. Sanders Capital LLC acquired a new stake in shares of Fiserv during the 3rd quarter valued at about $764,543,000. Barclays PLC lifted its holdings in shares of Fiserv by 3.0% during the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock valued at $302,737,000 after buying an additional 48,413 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Fiserv by 0.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock valued at $236,739,000 after buying an additional 4,218 shares in the last quarter. Finally, National Pension Service increased its holdings in Fiserv by 9.2% in the third quarter. National Pension Service now owns 1,112,168 shares of the business services provider’s stock worth $199,801,000 after buying an additional 93,508 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Susquehanna upped 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. Citigroup raised their target price on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Wells Fargo & Company upped their price target on Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Compass Point assumed coverage on Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price objective on the stock. Two 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 stock. Based on data from MarketBeat.com, Fiserv has a consensus rating of “Buy” and a consensus target price of $239.83.

Fiserv Trading Up 2.4 %

Shares of Fiserv stock opened at $236.03 on Wednesday. Fiserv, Inc. has a 52-week low of $145.98 and a 52-week high of $236.93. The firm has a market capitalization of $134.28 billion, a PE ratio of 43.79, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The company’s fifty day moving average price is $211.33 and its two-hundred day moving average price is $196.66.

Fiserv (NYSE:FI) last posted its quarterly earnings results 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 net margin of 15.31% and a return on equity of 17.93%. On average, analysts expect that Fiserv, Inc. will post 10.22 EPS for the current 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.