V Square Quantitative Management LLC Sells 116 Shares of Fiserv, Inc. (NYSE:FI)

V Square Quantitative Management LLC lessened its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,697 shares of the business services provider’s stock after selling 116 shares during the quarter. V Square Quantitative Management LLC’s holdings in Fiserv were worth $2,403,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Valley National Advisers Inc. acquired a new stake in shares of Fiserv during the 4th quarter worth about $29,000. Compass Financial Services Inc acquired a new stake in shares of Fiserv during the 4th quarter worth about $31,000. Kennebec Savings Bank acquired a new stake in shares of Fiserv during the 3rd quarter worth about $40,000. Friedenthal Financial acquired a new stake in shares of Fiserv during the 4th quarter worth about $49,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Fiserv during the 3rd quarter worth about $44,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Up 1.0 %

Shares of Fiserv stock opened at $229.93 on Friday. The firm has a market capitalization of $130.81 billion, a PE ratio of 42.66, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The firm’s 50 day moving average is $209.78 and its 200 day moving average is $195.00. Fiserv, Inc. has a 1 year low of $142.98 and a 1 year high of $233.26.

Fiserv (NYSE:FI) last posted its earnings results 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%. Equities research analysts forecast that Fiserv, Inc. will post 10.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FI shares. Mizuho raised their target price on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. The Goldman Sachs Group lifted their price objective on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Citigroup lifted their price objective 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. Keefe, Bruyette & Woods lifted their price objective on shares of Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. lifted 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. Two research 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $239.83.

Fiserv 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.