Hemington Wealth Management Grows Position in Fiserv, Inc. (NYSE:FI)

Hemington Wealth Management boosted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 6.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 864 shares of the business services provider’s stock after purchasing an additional 50 shares during the period. Hemington Wealth Management’s holdings in Fiserv were worth $177,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Valley National Advisers Inc. bought a new position in Fiserv in the 4th quarter worth $29,000. Compass Financial Services Inc purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $31,000. Kennebec Savings Bank bought a new stake in shares of Fiserv during the third quarter valued at approximately $40,000. Friedenthal Financial purchased a new stake in Fiserv in the fourth quarter worth $49,000. Finally, Northwest Investment Counselors LLC bought a new position in Fiserv in the third quarter worth $44,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of FI stock opened at $227.83 on Thursday. 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 firm has a market capitalization of $129.62 billion, a price-to-earnings ratio of 42.27, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The firm has a fifty day moving average of $209.54 and a 200-day moving average of $194.77. Fiserv, Inc. has a 12-month low of $142.47 and a 12-month high of $233.26.

Fiserv (NYSE:FI) last posted 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 net margin of 15.31% and a return on equity of 17.93%. On average, equities research analysts forecast that Fiserv, Inc. will post 10.22 earnings per share for the current year.

Wall Street Analyst Weigh In

FI has been the subject of several recent analyst reports. 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 report on Thursday, February 6th. Oppenheimer upped their price target on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Jefferies Financial Group raised their target price on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, Barclays upped their price objective on Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday. Two equities research 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 company’s stock. According to data from MarketBeat, Fiserv 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.