Compound Global Advisors LLC Invests $442,000 in Fiserv, Inc. (NYSE:FI)

Compound Global Advisors LLC bought a new stake in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,150 shares of the business services provider’s stock, valued at approximately $442,000. Fiserv makes up approximately 1.8% of Compound Global Advisors LLC’s investment portfolio, making the stock its 22nd biggest position.

Several other hedge funds also recently modified their holdings of the stock. Valley National Advisers Inc. purchased a new position in shares of Fiserv in the 4th quarter worth approximately $29,000. Compass Financial Services Inc bought a new stake in Fiserv during the fourth quarter worth $31,000. Cedar Mountain Advisors LLC boosted its position in Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the last quarter. Kennebec Savings Bank bought a new position in Fiserv in the 3rd quarter valued at $40,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Fiserv during the 3rd quarter valued at $44,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FI. UBS Group boosted their price target on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Wells Fargo & Company boosted their target price on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. The Goldman Sachs Group raised their price target 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. Royal Bank of Canada upped their price objective on Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Mizuho raised their target price on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Two 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $239.83.

Fiserv Price Performance

Shares of NYSE FI opened at $230.55 on Tuesday. The firm has a market capitalization of $131.16 billion, a P/E ratio of 42.77, a P/E/G 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’s 50-day simple moving average is $209.01 and its two-hundred day simple moving average is $193.75. Fiserv, Inc. has a twelve month low of $142.47 and a twelve month high of $233.26.

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

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.