Fiserv, Inc. (NYSE:FI) Shares Sold by Empire Life Investments Inc.

Empire Life Investments Inc. reduced its position in shares of Fiserv, Inc. (NYSE:FI) by 13.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,517 shares of the business services provider’s stock after selling 26,015 shares during the period. Fiserv accounts for about 2.1% of Empire Life Investments Inc.’s portfolio, making the stock its 10th largest holding. Empire Life Investments Inc.’s holdings in Fiserv were worth $33,590,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Catalina Capital Group LLC lifted its position in Fiserv by 2.3% in the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock valued at $444,000 after purchasing an additional 48 shares during the period. 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 buying an additional 50 shares in the last quarter. Hemington Wealth Management raised its stake in shares of Fiserv by 6.1% in the 4th quarter. Hemington Wealth Management now owns 864 shares of the business services provider’s stock valued at $177,000 after purchasing an additional 50 shares in the last quarter. Waypoint Capital Advisors LLC grew its position in shares of Fiserv by 1.7% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after buying an additional 51 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its position in Fiserv by 3.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock worth $360,000 after purchasing an additional 51 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Up 0.4 %

FI opened at $230.85 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The firm has a 50 day moving average price of $210.30 and a 200-day moving average price of $195.24. Fiserv, Inc. has a twelve month low of $145.44 and a twelve month high of $233.26. The stock has a market capitalization of $131.34 billion, a price-to-earnings ratio of 42.83, a PEG ratio of 1.52 and a beta of 0.94.

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

Analyst Ratings Changes

FI has been the subject of several recent research reports. Citigroup increased their target price on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Stephens increased their target price on shares of Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Jefferies Financial Group upped their price target on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Oppenheimer upped their price target on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. increased their target price on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Fiserv currently has a consensus rating of “Buy” and an average target price 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.