Fiserv, Inc. (NYSE:FI) is Ramsay Stattman Vela & Price Inc.’s 8th Largest Position

Ramsay Stattman Vela & Price Inc. lowered its holdings in Fiserv, Inc. (NYSE:FI) by 0.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 83,649 shares of the business services provider’s stock after selling 194 shares during the quarter. Fiserv comprises 3.2% of Ramsay Stattman Vela & Price Inc.’s investment portfolio, making the stock its 8th biggest holding. Ramsay Stattman Vela & Price Inc.’s holdings in Fiserv were worth $17,183,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Catalina Capital Group LLC grew its stake in 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 acquiring an additional 48 shares during the period. Mount Yale Investment Advisors LLC boosted its holdings in shares of Fiserv by 1.2% during the fourth 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 last quarter. Hemington Wealth Management increased its position in shares of Fiserv by 6.1% during the fourth quarter. Hemington Wealth Management now owns 864 shares of the business services provider’s stock worth $177,000 after acquiring an additional 50 shares during the last quarter. Wealthcare Advisory Partners LLC grew its stake 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 valued at $360,000 after purchasing an additional 51 shares in the last quarter. Finally, Optas LLC raised its position in shares of Fiserv by 1.7% in the 3rd quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after purchasing an additional 54 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Up 0.4 %

Fiserv stock opened at $230.85 on Tuesday. 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 PE ratio of 42.83, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The firm has a 50 day simple moving average of $210.77 and a 200-day simple moving average of $196.17. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating 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%. As a group, equities research analysts expect that Fiserv, Inc. will post 10.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FI. Citigroup lifted their price target 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. JPMorgan Chase & Co. lifted their price target on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Stephens increased their target price on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Mizuho upped their price target on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, 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 report on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Fiserv currently has an average rating of “Buy” and a consensus price target 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.