Howland Capital Management LLC Grows Holdings in Fiserv, Inc. (NYSE:FI)

Howland Capital Management LLC grew its holdings in shares of Fiserv, Inc. (NYSE:FI) by 3.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,810 shares of the business services provider’s stock after acquiring an additional 516 shares during the period. Howland Capital Management LLC’s holdings in Fiserv were worth $2,837,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FI. Sanders Capital LLC acquired a new position in shares of Fiserv during the third quarter valued at $764,543,000. FMR LLC increased its holdings in shares of Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after purchasing an additional 1,427,664 shares during the period. Maj Invest Holding A S acquired a new position in shares of Fiserv during the third quarter valued at $172,993,000. Kovitz Investment Group Partners LLC increased its holdings in shares of Fiserv by 788.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock valued at $109,700,000 after purchasing an additional 561,377 shares during the period. Finally, Mizuho Securities USA LLC increased its holdings in shares of Fiserv by 1,238.6% during the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after purchasing an additional 558,774 shares during the period. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Down 0.5 %

FI stock opened at $230.18 on Friday. The stock’s 50 day simple moving average is $209.01 and its 200 day simple moving average is $193.27. Fiserv, Inc. has a fifty-two week low of $142.14 and a fifty-two week high of $233.26. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The company has a market cap of $130.95 billion, a P/E ratio of 42.71, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94.

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

Insider Activity

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.75% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on FI. Keefe, Bruyette & Woods raised their target price on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday. Oppenheimer raised their target price on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. TD Cowen raised their target price on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, Tigress Financial raised their target price on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Two 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 data from MarketBeat, Fiserv has a consensus rating of “Buy” and a consensus price target of $235.91.

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.