Empire Life Investments Inc. Has $33.59 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Empire Life Investments Inc. decreased its holdings in Fiserv, Inc. (NYSE:FI) by 13.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 163,517 shares of the business services provider’s stock after selling 26,015 shares during the period. Fiserv accounts for approximately 2.1% of Empire Life Investments Inc.’s holdings, making the stock its 10th biggest holding. Empire Life Investments Inc.’s holdings in Fiserv were worth $33,590,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FI. Soros Capital Management LLC increased its holdings in Fiserv by 71.7% during the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after buying an additional 22,884 shares during the period. Czech National Bank increased its holdings in Fiserv by 5.2% during the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after buying an additional 6,072 shares during the period. Chiron Investment Management LLC purchased a new position in Fiserv during the third quarter valued at approximately $4,709,000. Trust Co. of Vermont increased its holdings in Fiserv by 170.4% during the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock valued at $1,405,000 after buying an additional 4,310 shares during the period. Finally, Cardano Risk Management B.V. purchased a new position in Fiserv during the fourth quarter valued at approximately $97,254,000. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

FI has been the topic of several analyst reports. Tigress Financial lifted their price target on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Royal Bank of Canada lifted their price objective on shares of 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 boosted their target price on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Morgan Stanley boosted their target price on shares of Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, UBS Group boosted their target price on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Fiserv currently has a consensus rating of “Buy” and an average price target of $239.83.

Fiserv Trading Up 0.4 %

FI opened at $230.85 on Friday. The stock has a market capitalization of $131.34 billion, a PE ratio of 42.83, a P/E/G ratio of 1.52 and a beta of 0.94. The firm’s fifty day moving average price is $210.30 and its 200 day moving average price is $195.24. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. Fiserv, Inc. has a 12-month low of $145.44 and a 12-month high of $233.26.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating 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, research analysts expect 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.