Sanctuary Advisors LLC Acquires 866 Shares of Fiserv, Inc. (NYSE:FI)

Sanctuary Advisors LLC boosted its holdings in Fiserv, Inc. (NYSE:FI) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 42,221 shares of the business services provider’s stock after buying an additional 866 shares during the period. Sanctuary Advisors LLC’s holdings in Fiserv were worth $9,116,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FI. Catalina Capital Group LLC lifted its holdings in shares of Fiserv by 2.3% in the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock valued at $444,000 after acquiring an additional 48 shares during the last quarter. Mount Yale Investment Advisors LLC lifted its holdings in shares of 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 valued at $848,000 after acquiring an additional 50 shares during the last quarter. Hemington Wealth Management lifted its holdings 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 acquiring an additional 50 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of Fiserv by 3.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock valued at $360,000 after acquiring an additional 51 shares during the last quarter. Finally, Optas LLC lifted its holdings in shares of Fiserv by 1.7% in the 3rd quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after acquiring an additional 54 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of analyst reports. Oppenheimer increased their price target on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. The Goldman Sachs Group increased their price objective on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. TD Cowen increased their price objective on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Mizuho increased their price objective 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. Finally, Citigroup increased their price objective on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $239.83.

Fiserv Stock Performance

Shares of FI stock opened at $236.03 on Wednesday. The firm has a market cap of $134.28 billion, a price-to-earnings ratio of 43.79, a PEG ratio of 1.52 and a beta of 0.94. The company’s 50 day moving average is $211.33 and its 200 day moving average is $196.66. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 52-week low of $145.98 and a 52-week high of $236.93.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating 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, sell-side analysts anticipate that Fiserv, Inc. will post 10.22 EPS for the current fiscal 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.