Peterson Wealth Services Sells 353 Shares of Fiserv, Inc. (NYSE:FI)

Peterson Wealth Services reduced its position in shares of Fiserv, Inc. (NYSE:FI) by 14.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,158 shares of the business services provider’s stock after selling 353 shares during the period. Peterson Wealth Services’ holdings in Fiserv were worth $443,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FI. Valley National Advisers Inc. bought a new position in Fiserv in the 4th quarter valued at $29,000. Compass Financial Services Inc bought a new position in Fiserv during the fourth quarter valued at about $31,000. Cedar Mountain Advisors LLC raised its position in Fiserv by 42.5% in the third 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 during the period. Kennebec Savings Bank purchased a new position in Fiserv in the third quarter valued at about $40,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Fiserv during the 3rd quarter valued at approximately $44,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Price Performance

FI opened at $230.55 on Tuesday. 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 market capitalization of $131.16 billion, a P/E ratio of 42.77, a PEG ratio of 1.52 and a beta of 0.94. The stock has a 50-day moving average price of $209.01 and a 200-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 quarterly 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 analysts predict that Fiserv, Inc. will post 10.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FI has been the topic of several research analyst reports. Morgan Stanley upped their price objective on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Oppenheimer upped their price objective on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods boosted their price target on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, Stephens boosted their target price on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target 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.