Fiserv, Inc. (NYSE:FI) is Liberty Capital Management Inc.’s 9th Largest Position

Liberty Capital Management Inc. decreased its position in Fiserv, Inc. (NYSE:FI) by 0.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 52,146 shares of the business services provider’s stock after selling 95 shares during the quarter. Fiserv accounts for about 2.4% of Liberty Capital Management Inc.’s investment portfolio, making the stock its 9th biggest holding. Liberty Capital Management Inc.’s holdings in Fiserv were worth $10,712,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in FI. Catalina Capital Group LLC lifted its position in shares of Fiserv by 2.3% in the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock worth $444,000 after buying an additional 48 shares during the last quarter. Mount Yale Investment Advisors LLC lifted its holdings in Fiserv by 1.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock worth $848,000 after purchasing an additional 50 shares during the last quarter. Waypoint Capital Advisors LLC boosted its position in Fiserv by 1.7% during the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after purchasing an additional 51 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in Fiserv by 3.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock valued at $360,000 after purchasing an additional 51 shares during the last quarter. Finally, Optas LLC raised its position in shares of Fiserv by 1.7% in the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FI shares. KeyCorp upped their price objective on shares of Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday. Jefferies Financial Group upped their price target on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group lifted their price objective on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, TD Cowen lifted their price target on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Fiserv currently has a consensus rating of “Buy” and an average price target of $235.91.

Fiserv Stock Performance

Shares of NYSE:FI opened at $230.18 on Monday. The stock has a market capitalization of $130.95 billion, a price-to-earnings ratio of 42.71, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The business’s fifty day moving average price is $209.01 and its two-hundred day moving average price is $193.52. Fiserv, Inc. has a fifty-two week low of $142.14 and a fifty-two week high of $233.26. 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 issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping 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, analysts predict that Fiserv, Inc. will post 10.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.75% of the company’s stock.

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.