Global Retirement Partners LLC Has $2.76 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Global Retirement Partners LLC boosted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 20.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,416 shares of the business services provider’s stock after buying an additional 2,304 shares during the period. Global Retirement Partners LLC’s holdings in Fiserv were worth $2,756,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FI. Northwest Investment Counselors LLC acquired a new position in Fiserv during the third quarter valued at $44,000. Foundations Investment Advisors LLC raised its position in Fiserv by 3.7% during the third quarter. Foundations Investment Advisors LLC now owns 4,660 shares of the business services provider’s stock valued at $837,000 after buying an additional 165 shares during the period. Oakworth Capital Inc. increased its position in Fiserv by 45.3% in the 3rd quarter. Oakworth Capital Inc. now owns 507 shares of the business services provider’s stock worth $91,000 after purchasing an additional 158 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Fiserv by 354.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 61,886 shares of the business services provider’s stock worth $11,118,000 after purchasing an additional 48,270 shares during the last quarter. Finally, Eastern Bank acquired a new position in Fiserv in the 3rd quarter worth about $50,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on FI. KeyCorp upped their target price on Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. TD Cowen upped their target price on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Barclays upped their target price on Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. UBS Group upped their target price on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Susquehanna upped their price target on Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research note on Monday, February 10th. Two equities 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, the company currently has a consensus rating of “Buy” and an average price target of $239.83.

Fiserv Price Performance

NYSE:FI opened at $236.13 on Thursday. The stock has a market cap of $134.34 billion, a P/E ratio of 43.81, a PEG ratio of 1.49 and a beta of 0.94. Fiserv, Inc. has a one year low of $145.98 and a one year high of $237.13. The company has a fifty day moving average price of $212.66 and a 200 day moving average price of $197.48. 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 (NYSE:FI) last released its 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 15.31% and a return on equity of 17.93%. Analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current 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.