Flossbach Von Storch SE Acquires Shares of 1,040 Fiserv, Inc. (NYSE:FI)

Flossbach Von Storch SE purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,040 shares of the business services provider’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new position in shares of Fiserv in the third quarter valued at $44,000. Foundations Investment Advisors LLC boosted its position in shares of Fiserv by 3.7% in the third quarter. Foundations Investment Advisors LLC now owns 4,660 shares of the business services provider’s stock valued at $837,000 after acquiring an additional 165 shares during the period. Oakworth Capital Inc. increased its holdings in Fiserv by 45.3% during the 3rd quarter. Oakworth Capital Inc. now owns 507 shares of the business services provider’s stock worth $91,000 after acquiring an additional 158 shares during the period. Sequoia Financial Advisors LLC boosted its holdings 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 valued at $11,118,000 after purchasing an additional 48,270 shares during the period. Finally, Eastern Bank purchased a new position in shares of Fiserv during the 3rd quarter valued at $50,000. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on FI. Royal Bank of Canada boosted their price objective on Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Tigress Financial increased their price target on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Mizuho upped their target price on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Wells Fargo & Company raised their price target on Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Compass Point initiated coverage on Fiserv in a report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective on the stock. Two research 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 MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $239.83.

Fiserv Price Performance

Shares of FI opened at $236.13 on Thursday. 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, Inc. has a 1-year low of $145.98 and a 1-year high of $237.13. The firm has a market cap of $134.34 billion, a PE ratio of 43.81, a P/E/G ratio of 1.49 and a beta of 0.94. The firm has a fifty day simple moving average of $212.66 and a two-hundred day simple moving average of $197.48.

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%. On average, equities analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

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.