Avestar Capital LLC Purchases 494 Shares of Fiserv, Inc. (NYSE:FI)

Avestar Capital LLC grew its position in shares of Fiserv, Inc. (NYSE:FI) by 12.3% in the fourth quarter, Holdings Channel reports. The fund owned 4,505 shares of the business services provider’s stock after buying an additional 494 shares during the quarter. Avestar Capital LLC’s holdings in Fiserv were worth $925,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FI. Valley National Advisers Inc. bought a new stake in Fiserv during the fourth quarter worth approximately $29,000. Compass Financial Services Inc purchased a new position in shares of Fiserv in the 4th quarter worth approximately $31,000. Kennebec Savings Bank purchased a new position in shares of Fiserv in the 3rd quarter worth approximately $40,000. Friedenthal Financial bought a new position in shares of Fiserv during the 4th quarter valued at approximately $49,000. Finally, Northwest Investment Counselors LLC purchased a new stake in Fiserv during the 3rd quarter valued at $44,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Compass Point started coverage on shares of Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective on the stock. UBS Group upped their price target on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Mizuho raised their price objective on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Citigroup upped their target price on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. raised 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. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Fiserv has an average rating of “Buy” and an average price target of $239.83.

Fiserv Stock Performance

Shares of NYSE:FI opened at $229.93 on Friday. The firm has a 50 day moving average of $209.78 and a 200 day moving average of $195.00. 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 company has a market capitalization of $130.81 billion, a price-to-earnings ratio of 42.66, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a 52 week low of $142.98 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 EPS for the quarter, topping 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%. On average, sell-side analysts predict that Fiserv, Inc. will post 10.22 earnings per share 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.