Fiserv, Inc. (NYSE:FI) Stake Lessened by Venturi Wealth Management LLC

Venturi Wealth Management LLC decreased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 4.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 76,906 shares of the business services provider’s stock after selling 3,681 shares during the quarter. Venturi Wealth Management LLC’s holdings in Fiserv were worth $15,798,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FI. FMR LLC grew its stake in Fiserv by 17.8% during the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after acquiring an additional 1,427,664 shares in the last quarter. Sanders Capital LLC acquired a new stake in shares of Fiserv during the third quarter worth approximately $764,543,000. Barclays PLC grew its position in Fiserv by 3.0% during the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock valued at $302,737,000 after purchasing an additional 48,413 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in 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 during the period. Finally, National Pension Service boosted its stake in shares of Fiserv by 9.2% during the 3rd quarter. National Pension Service now owns 1,112,168 shares of the business services provider’s stock valued at $199,801,000 after buying an additional 93,508 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Up 0.4 %

FI opened at $230.85 on Tuesday. Fiserv, Inc. has a 1-year low of $145.44 and a 1-year high of $233.26. The business has a 50 day moving average of $210.77 and a 200-day moving average of $196.17. The stock has a market capitalization of $131.34 billion, a price-to-earnings ratio of 42.83, a P/E/G 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.

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%. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 10.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. UBS Group upped their price target 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. Royal Bank of Canada raised their price target on Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Susquehanna lifted their price target on Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a report on Monday, February 10th. TD Cowen increased their price objective on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Barclays lifted their target price on shares of Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price 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.