First Heartland Consultants Inc. Has $350,000 Stake in Fiserv, Inc. (NYSE:FI)

First Heartland Consultants Inc. trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 61.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,702 shares of the business services provider's stock after selling 2,693 shares during the period. First Heartland Consultants Inc.'s holdings in Fiserv were worth $350,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jacobi Capital Management LLC increased its holdings in shares of Fiserv by 0.4% in the 4th quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock worth $2,281,000 after acquiring an additional 44 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in Fiserv by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock worth $794,000 after acquiring an additional 44 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Fiserv by 1.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock valued at $841,000 after purchasing an additional 45 shares during the period. Catalina Capital Group LLC boosted its holdings in shares of Fiserv by 2.3% during the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider's stock worth $444,000 after purchasing an additional 48 shares during the period. Finally, Mount Yale Investment Advisors LLC lifted its position in Fiserv by 1.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider's stock worth $848,000 after buying an additional 50 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FI. Susquehanna cut their price target on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a report on Friday, April 25th. Keefe, Bruyette & Woods decreased their price target on Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Morgan Stanley restated an "overweight" rating and issued a $268.00 target price (up from $267.00) on shares of Fiserv in a report on Friday, April 25th. Mizuho set a $200.00 price objective on shares of Fiserv in a report on Thursday, May 15th. Finally, Stephens upped their price target on shares of Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $221.60.

Fiserv Trading Down 1.4%

NYSE:FI traded down $2.18 during trading hours on Wednesday, hitting $157.96. The stock had a trading volume of 2,242,841 shares, compared to its average volume of 3,093,665. The business's 50 day moving average is $194.74 and its 200-day moving average is $208.26. The company has a market cap of $87.58 billion, a price-to-earnings ratio of 29.31, a P/E/G ratio of 1.52 and a beta of 0.97. Fiserv, Inc. has a one year low of $146.25 and a one year high of $238.59. 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 (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter last year, the business posted $1.88 EPS. The firm's revenue was up 5.1% compared to the same quarter last year. Sell-side analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its Board of Directors has authorized a share buyback program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

Fiserv Company 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.