L. Roy Papp & Associates LLP Boosts Stock Position in Fiserv, Inc. (NYSE:FI)

L. Roy Papp & Associates LLP raised its position in shares of Fiserv, Inc. (NYSE:FI) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 60,842 shares of the business services provider’s stock after buying an additional 284 shares during the quarter. Fiserv comprises about 1.5% of L. Roy Papp & Associates LLP’s investment portfolio, making the stock its 20th largest holding. L. Roy Papp & Associates LLP’s holdings in Fiserv were worth $12,498,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Catalina Capital Group LLC raised its stake 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 buying an additional 48 shares during the last quarter. Mount Yale Investment Advisors LLC increased its holdings in shares of Fiserv by 1.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock valued at $848,000 after acquiring an additional 50 shares in the last quarter. Waypoint Capital Advisors LLC raised its position in shares of Fiserv by 1.7% in the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after purchasing an additional 51 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its stake 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 in the last quarter. Finally, Optas LLC grew its position in Fiserv by 1.7% during the 3rd quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock worth $578,000 after purchasing an additional 54 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Price Performance

Shares of Fiserv stock opened at $229.97 on Wednesday. The firm has a market cap of $130.83 billion, a PE ratio of 42.67, a P/E/G ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a twelve month low of $142.47 and a twelve month high of $233.26. 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 business has a 50-day moving average price of $209.25 and a 200 day moving average price of $194.28.

Fiserv (NYSE:FI) last posted its quarterly earnings data 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 return on equity of 17.93% and a net margin of 15.31%. Sell-side analysts predict that Fiserv, Inc. will post 10.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on FI. Barclays raised their price target on shares of Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a report on Monday. Royal Bank of Canada raised their target price on Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. increased their price objective on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Compass Point began coverage on Fiserv in a report on Wednesday, November 20th. They set a “buy” rating and a $278.00 target price for the company. Finally, Tigress Financial upped their target price on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Fiserv currently has a consensus rating of “Buy” and a consensus 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.