New Republic Capital LLC Purchases New Stake in Fiserv, Inc. (NYSE:FI)

New Republic Capital LLC acquired a new position in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,071 shares of the business services provider’s stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Valley National Advisers Inc. acquired a new stake in shares of Fiserv in the fourth quarter valued at about $29,000. Compass Financial Services Inc acquired a new stake in shares of Fiserv during the 4th quarter valued at approximately $31,000. Cedar Mountain Advisors LLC boosted its stake 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 acquiring an additional 57 shares in the last quarter. Kennebec Savings Bank acquired a new stake in shares of Fiserv in the 3rd quarter worth approximately $40,000. Finally, Northwest Investment Counselors LLC purchased a new position in Fiserv in the 3rd quarter valued at approximately $44,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Price Performance

FI stock opened at $230.55 on Tuesday. The company has a market cap of $131.16 billion, a PE ratio of 42.77, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The stock has a 50-day moving average price of $209.01 and a two-hundred day moving average price of $193.75. Fiserv, Inc. has a 12-month low of $142.47 and a 12-month high of $233.26.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, research analysts predict that Fiserv, Inc. will post 10.22 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FI shares. Mizuho upped their target price on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods increased their price objective on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Compass Point started coverage on shares of Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 target price for the company. TD Cowen increased their price target on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley lifted their price objective on Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Fiserv currently has an average rating of “Buy” and a consensus price target of $239.83.

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.