Fiserv, Inc. (NYSE:FI) Shares Sold by Core Alternative Capital

Core Alternative Capital cut its holdings in Fiserv, Inc. (NYSE:FI) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,094 shares of the business services provider’s stock after selling 1,008 shares during the quarter. Fiserv makes up 2.0% of Core Alternative Capital’s portfolio, making the stock its 9th largest position. Core Alternative Capital’s holdings in Fiserv were worth $9,674,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Catalina Capital Group LLC increased its stake in shares of Fiserv by 2.3% in the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock valued at $444,000 after buying an additional 48 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in Fiserv by 1.2% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock valued at $848,000 after acquiring an additional 50 shares during the last quarter. Waypoint Capital Advisors LLC boosted its holdings in Fiserv by 1.7% in the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after acquiring an additional 51 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in Fiserv by 3.0% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock valued at $360,000 after acquiring an additional 51 shares during the last quarter. Finally, Optas LLC boosted its holdings in Fiserv by 1.7% in the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after acquiring an additional 54 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. BMO Capital Markets raised their price target on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Morgan Stanley raised their price target on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Citigroup raised their price target on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Oppenheimer raised their price target on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, Tigress Financial raised their target price on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $239.83.

Fiserv Stock Up 0.2 %

Shares of Fiserv stock opened at $230.55 on Tuesday. The business’s 50 day simple moving average is $209.01 and its 200 day simple moving average is $193.75. Fiserv, Inc. has a 52-week low of $142.47 and a 52-week high of $233.26. The firm has a market cap of $131.16 billion, a PE ratio of 42.77, a P/E/G ratio of 1.52 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. On average, analysts predict that Fiserv, Inc. will post 10.22 earnings per share for the current fiscal 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.