Handelsbanken Fonder AB Raises Holdings in Fiserv, Inc. (NYSE:FI)

Handelsbanken Fonder AB lifted its stake in shares of Fiserv, Inc. (NYSE:FI) by 8.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 231,012 shares of the business services provider’s stock after purchasing an additional 18,779 shares during the period. Handelsbanken Fonder AB’s holdings in Fiserv were worth $47,454,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FI. Northwest Investment Counselors LLC acquired a new stake in Fiserv in the 3rd quarter valued at approximately $44,000. Foundations Investment Advisors LLC boosted its position in shares of Fiserv by 3.7% during the 3rd quarter. Foundations Investment Advisors LLC now owns 4,660 shares of the business services provider’s stock worth $837,000 after acquiring an additional 165 shares in the last quarter. Oakworth Capital Inc. raised its holdings in Fiserv by 45.3% during the third quarter. Oakworth Capital Inc. now owns 507 shares of the business services provider’s stock worth $91,000 after purchasing an additional 158 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Fiserv by 354.5% during the third 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 purchased a new stake in Fiserv in the third quarter valued at approximately $50,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

FI stock opened at $236.13 on Thursday. The firm has a 50-day moving average of $212.66 and a two-hundred day moving average of $197.48. The firm has a market capitalization of $134.34 billion, a PE ratio of 43.81, a P/E/G 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 current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last announced its quarterly 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 return on equity of 17.93% and a net margin of 15.31%. On average, analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on FI. Royal Bank of Canada increased their price target on Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. BMO Capital Markets boosted their target price on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Mizuho upped their target price on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. TD Cowen boosted their price objective 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, Oppenheimer lifted their price target on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Two investment 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. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $239.83.

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.