Certuity LLC Makes New Investment in Fiserv, Inc. (NYSE:FI)

Certuity LLC acquired a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, Holdings Channel reports. The firm acquired 1,789 shares of the business services provider’s stock, valued at approximately $367,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Sanders Capital LLC bought a new stake in shares of Fiserv during the third quarter valued at approximately $764,543,000. FMR LLC boosted its stake in Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after buying an additional 1,427,664 shares in the last quarter. Kovitz Investment Group Partners LLC increased its holdings in Fiserv by 788.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock valued at $109,700,000 after buying an additional 561,377 shares during the period. Mizuho Securities USA LLC raised its stake in shares of Fiserv by 1,238.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after buying an additional 558,774 shares in the last quarter. Finally, Cardano Risk Management B.V. bought a new position in shares of Fiserv during the 4th quarter worth about $97,254,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on FI. JPMorgan Chase & Co. increased their price target on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada increased their target price on Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Tigress Financial boosted their price target on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Mizuho upped their price target on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, UBS Group lifted their price objective on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Fiserv has a consensus rating of “Buy” and an average target price of $239.83.

Fiserv Price Performance

Fiserv stock opened at $227.83 on Thursday. The business’s 50-day simple moving average is $209.54 and its 200 day simple moving average is $194.77. 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 stock has a market cap of $129.62 billion, a price-to-earnings ratio of 42.27, a P/E/G ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a 12-month low of $142.47 and a 12-month high of $233.26.

Fiserv (NYSE:FI) last issued its earnings results 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%. As a group, research analysts anticipate that Fiserv, Inc. will post 10.22 earnings per share for the current year.

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.