Peterson Wealth Services Reduces Position in Fiserv, Inc. (NYSE:FI)

Peterson Wealth Services trimmed its position in Fiserv, Inc. (NYSE:FI) by 14.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,158 shares of the business services provider’s stock after selling 353 shares during the quarter. Peterson Wealth Services’ holdings in Fiserv were worth $443,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in FI. Essex Financial Services Inc. raised its stake in shares of Fiserv by 10.5% during the fourth quarter. Essex Financial Services Inc. now owns 2,757 shares of the business services provider’s stock valued at $566,000 after acquiring an additional 262 shares during the last quarter. Equitable Trust Co. bought a new position in Fiserv during the 4th quarter valued at approximately $243,000. Soltis Investment Advisors LLC lifted its holdings in Fiserv by 843.9% in the 4th quarter. Soltis Investment Advisors LLC now owns 20,861 shares of the business services provider’s stock worth $4,285,000 after buying an additional 18,651 shares during the period. Angeles Wealth Management LLC grew its position in shares of Fiserv by 32.6% in the 4th quarter. Angeles Wealth Management LLC now owns 3,394 shares of the business services provider’s stock worth $697,000 after buying an additional 835 shares during the last quarter. Finally, 17 Capital Partners LLC increased its stake in shares of Fiserv by 1.1% during the fourth quarter. 17 Capital Partners LLC now owns 7,443 shares of the business services provider’s stock valued at $1,529,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

NYSE FI opened at $230.55 on Tuesday. 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 firm has a market capitalization of $131.16 billion, a P/E ratio of 42.77, a PEG ratio of 1.52 and a beta of 0.94. The company has a 50-day moving average price of $209.01 and a 200-day moving average price of $193.75. Fiserv, Inc. has a 52 week low of $142.47 and a 52 week high of $233.26.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share 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%. Equities research analysts anticipate that Fiserv, Inc. will post 10.22 earnings per share for the current year.

Analyst Ratings Changes

FI has been the subject of a number of research analyst reports. 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. Jefferies Financial Group lifted their target price on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Susquehanna increased their price target on shares of Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research note on Monday. Compass Point assumed coverage on shares of Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price objective for the company. Finally, Wells Fargo & Company upped their target price on Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Two equities research 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 presently has a consensus 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.