Timber Creek Capital Management LLC Sells 480 Shares of Fiserv, Inc. (NYSE:FI)

Timber Creek Capital Management LLC lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 27,814 shares of the business services provider’s stock after selling 480 shares during the period. Fiserv comprises 1.6% of Timber Creek Capital Management LLC’s holdings, making the stock its 24th largest position. Timber Creek Capital Management LLC’s holdings in Fiserv were worth $5,713,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Proactive Wealth Strategies LLC purchased a new stake in Fiserv in the 4th quarter worth about $205,000. Bfsg LLC raised its holdings in shares of Fiserv by 1,401.2% in the 4th quarter. Bfsg LLC now owns 5,089 shares of the business services provider’s stock valued at $1,045,000 after acquiring an additional 4,750 shares in the last quarter. Kestra Investment Management LLC purchased a new position in Fiserv in the 4th quarter worth approximately $50,000. Atria Wealth Solutions Inc. increased its stake in Fiserv by 10.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 20,152 shares of the business services provider’s stock valued at $4,140,000 after acquiring an additional 1,893 shares during the last quarter. Finally, Provident Trust Co. lifted its position in Fiserv by 15.8% in the 4th quarter. Provident Trust Co. now owns 1,278,089 shares of the business services provider’s stock worth $262,545,000 after buying an additional 174,505 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on FI. Morgan Stanley lifted their target price on shares of Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Stephens lifted their price target on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Barclays raised their price target on Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, February 10th. JPMorgan Chase & Co. boosted their price objective on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada raised their price target on shares of Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Fiserv currently has a consensus rating of “Buy” and a consensus target price of $239.83.

Fiserv Trading Up 2.4 %

Shares of FI stock opened at $236.03 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. Fiserv, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $236.93. The stock has a market capitalization of $134.28 billion, a P/E ratio of 43.79, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The company has a 50 day moving average price of $212.02 and a 200 day moving average price of $197.21.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share 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%. Equities research analysts predict that Fiserv, Inc. will post 10.22 EPS for the current fiscal year.

Fiserv 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.