Newbridge Financial Services Group Inc. Makes New Investment in Fiserv, Inc. (NYSE:FI)

Newbridge Financial Services Group Inc. bought a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, Holdings Channel.com reports. The firm bought 260 shares of the business services provider’s stock, valued at approximately $53,000.

Several other institutional investors have also recently made changes to their positions in the company. Valeo Financial Advisors LLC lifted its position in Fiserv by 1.7% during the third quarter. Valeo Financial Advisors LLC now owns 4,545 shares of the business services provider’s stock valued at $817,000 after buying an additional 75 shares during the period. Ritholtz Wealth Management increased its stake in shares of Fiserv by 16.1% in the 3rd quarter. Ritholtz Wealth Management now owns 4,112 shares of the business services provider’s stock worth $739,000 after acquiring an additional 569 shares in the last quarter. Carnegie Investment Counsel lifted its position in Fiserv by 5.8% during the 3rd quarter. Carnegie Investment Counsel now owns 2,044 shares of the business services provider’s stock valued at $367,000 after acquiring an additional 112 shares during the period. Koshinski Asset Management Inc. boosted its stake in Fiserv by 6.1% during the third quarter. Koshinski Asset Management Inc. now owns 6,734 shares of the business services provider’s stock worth $1,210,000 after acquiring an additional 390 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in Fiserv by 0.7% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 176,929 shares of the business services provider’s stock worth $31,785,000 after purchasing an additional 1,190 shares during the period. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of several recent research reports. Tigress Financial lifted their target price on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. KeyCorp lifted their price objective on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. UBS Group increased their target price on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Mizuho lifted their price target on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Susquehanna increased their price objective on shares of Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research report on Monday. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $239.83.

Fiserv Price Performance

NYSE FI opened at $230.55 on Tuesday. The company has a 50-day moving average price of $209.01 and a 200-day moving average price of $193.75. Fiserv, Inc. has a 52 week low of $142.47 and a 52 week high of $233.26. 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 $131.16 billion, a P/E ratio of 42.77, a PEG ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating 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%. Equities research analysts anticipate that Fiserv, Inc. will post 10.22 earnings per share for the current year.

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.