Shepherd Financial Partners LLC Raises Stake in Fiserv, Inc. (NYSE:FI)

Shepherd Financial Partners LLC increased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,749 shares of the business services provider’s stock after buying an additional 127 shares during the quarter. Shepherd Financial Partners LLC’s holdings in Fiserv were worth $1,181,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of FI. Valley National Advisers Inc. acquired a new position in Fiserv during the fourth quarter worth approximately $29,000. Cedar Mountain Advisors LLC grew its holdings in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the period. Kennebec Savings Bank acquired a new stake in Fiserv during the 3rd quarter worth approximately $40,000. Friedenthal Financial purchased a new position in Fiserv in the fourth quarter valued at approximately $49,000. Finally, Northwest Investment Counselors LLC acquired a new position in Fiserv during the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the subject of several recent research reports. The Goldman Sachs Group increased their price objective on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Compass Point began coverage on Fiserv in a research report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price objective on the stock. Stephens upped their target price on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday. KeyCorp raised their target price on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Mizuho upped their price target on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of “Buy” and a consensus price target of $235.91.

Fiserv Stock Performance

Fiserv stock opened at $230.18 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv, Inc. has a 12 month low of $142.14 and a 12 month high of $233.26. The company has a fifty day moving average price of $208.82 and a two-hundred day moving average price of $192.78. The company has a market cap of $130.95 billion, a PE ratio of 44.27, a P/E/G ratio of 1.42 and a beta of 0.94.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Research analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insider Activity

In related news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

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.