Palouse Capital Management Inc. Reduces Stock Holdings in Fiserv, Inc. (NYSE:FI)

Palouse Capital Management Inc. decreased its holdings in Fiserv, Inc. (NYSE:FI) by 43.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,442 shares of the business services provider’s stock after selling 4,148 shares during the quarter. Palouse Capital Management Inc.’s holdings in Fiserv were worth $1,118,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Valley National Advisers Inc. bought a new stake in Fiserv in the 4th quarter worth about $29,000. Compass Financial Services Inc purchased a new position in shares of Fiserv during the 4th quarter valued at about $31,000. Kennebec Savings Bank purchased a new position in shares of Fiserv during the 3rd quarter valued at about $40,000. Northwest Investment Counselors LLC purchased a new position in Fiserv in the 3rd quarter worth approximately $44,000. Finally, Friedenthal Financial purchased a new position in Fiserv in the 4th quarter worth approximately $49,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Stephens lifted their price objective on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. KeyCorp upped their price objective on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. TD Cowen upped their price objective on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. 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, February 10th. Finally, The Goldman Sachs Group upped their target price on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Fiserv has an average rating of “Buy” and an average price target of $239.83.

Fiserv Trading Up 0.4 %

Shares of NYSE:FI opened at $230.85 on Friday. The business’s 50-day moving average is $210.77 and its 200 day moving average is $195.72. Fiserv, Inc. has a 1 year low of $145.44 and a 1 year high of $233.26. The firm has a market capitalization of $131.34 billion, a P/E ratio of 42.83, a P/E/G ratio of 1.52 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

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