Fiserv, Inc. (NYSE:FI) Shares Bought by L. Roy Papp & Associates LLP

L. Roy Papp & Associates LLP boosted its position in shares of Fiserv, Inc. (NYSE:FI) by 0.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 60,842 shares of the business services provider’s stock after buying an additional 284 shares during the period. Fiserv comprises 1.5% of L. Roy Papp & Associates LLP’s portfolio, making the stock its 20th biggest holding. L. Roy Papp & Associates LLP’s holdings in Fiserv were worth $12,498,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Sanders Capital LLC acquired a new position in Fiserv during the third quarter worth about $764,543,000. FMR LLC lifted its stake in Fiserv by 17.8% in the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in shares of Fiserv by 788.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after purchasing an additional 561,377 shares during the last quarter. Mizuho Securities USA LLC grew its position in shares of Fiserv by 1,238.6% in the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after purchasing an additional 558,774 shares in the last quarter. Finally, Cardano Risk Management B.V. purchased a new stake in shares of Fiserv in the fourth quarter valued at approximately $97,254,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the topic of a number of recent research reports. BMO Capital Markets boosted their price objective on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Compass Point initiated coverage on Fiserv in a report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price target on the stock. Stephens upped their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. lifted their target price on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Citigroup increased their price target on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $239.83.

Fiserv Stock Performance

NYSE FI opened at $229.97 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The company has a market cap of $130.83 billion, a P/E ratio of 42.67, a P/E/G ratio of 1.52 and a beta of 0.94. The stock has a 50-day moving average of $209.25 and a two-hundred day moving average of $194.28. Fiserv, Inc. has a 1-year low of $142.47 and a 1-year high of $233.26.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates 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, analysts anticipate that Fiserv, Inc. will post 10.22 EPS for the current year.

About Fiserv

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.