Beacon Financial Group Cuts Holdings in Fiserv, Inc. (NYSE:FI)

Beacon Financial Group trimmed its position in shares of Fiserv, Inc. (NYSE:FI) by 4.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,051 shares of the business services provider’s stock after selling 208 shares during the quarter. Beacon Financial Group’s holdings in Fiserv were worth $1,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its holdings in shares of Fiserv by 17.8% during the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after buying an additional 1,427,664 shares during the period. Sanders Capital LLC bought a new position in Fiserv in the 3rd quarter worth $764,543,000. Barclays PLC raised its holdings in Fiserv by 3.0% in the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after purchasing an additional 48,413 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in Fiserv by 0.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock worth $236,739,000 after purchasing an additional 4,218 shares during the period. Finally, National Pension Service raised its holdings in Fiserv by 9.2% in the 3rd quarter. National Pension Service now owns 1,112,168 shares of the business services provider’s stock worth $199,801,000 after purchasing an additional 93,508 shares during the period. 90.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group raised their target price on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. TD Cowen raised their target price on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Barclays raised their target price on Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a report on Monday. Jefferies Financial Group raised their target price on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, Stephens raised their price target on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Two research 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 MarketBeat, Fiserv presently has a consensus rating of “Buy” and a consensus target price of $239.83.

Fiserv Trading Down 0.9 %

Shares of Fiserv stock opened at $227.83 on Thursday. The firm has a market cap of $129.62 billion, a price-to-earnings ratio of 42.27, a PEG ratio of 1.52 and a beta of 0.94. The business has a 50-day moving average price of $209.54 and a 200-day moving average price of $194.77. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a twelve month low of $142.47 and a twelve month 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%. Equities research analysts anticipate that Fiserv, Inc. will post 10.22 EPS for the current fiscal 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.