Cardano Risk Management B.V. Buys New Position in Fiserv, Inc. (NYSE:FI)

Cardano Risk Management B.V. bought a new stake in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 473,442 shares of the business services provider’s stock, valued at approximately $97,254,000. Fiserv comprises about 1.5% of Cardano Risk Management B.V.’s holdings, making the stock its 21st largest position.

Other hedge funds also recently modified their holdings of the company. Clean Yield Group lifted its holdings in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares during the period. Cedar Mountain Advisors LLC lifted its holdings in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares during the period. Kennebec Savings Bank bought a new stake in Fiserv during the third quarter worth $40,000. Northwest Investment Counselors LLC bought a new stake in Fiserv during the third quarter worth $44,000. Finally, Wolff Wiese Magana LLC lifted its holdings in Fiserv by 904.0% during the third quarter. Wolff Wiese Magana LLC now owns 251 shares of the business services provider’s stock worth $45,000 after acquiring an additional 226 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Susquehanna boosted their target price on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, October 18th. UBS Group boosted their target price on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Finally, Wells Fargo & Company boosted their target price on Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus target price of $222.88.

Fiserv Price Performance

Shares of FI traded up $0.15 during midday trading on Monday, reaching $200.66. The stock had a trading volume of 525,294 shares, compared to its average volume of 2,026,235. The company’s 50-day moving average is $209.64 and its 200 day moving average is $185.31. Fiserv, Inc. has a 12-month low of $135.97 and a 12-month high of $223.23. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $114.16 billion, a price-to-earnings ratio of 38.59, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the prior year, the business earned $1.96 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts predict that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Insider Activity

In other news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 34.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,821 shares of company stock valued at $18,581,095. Insiders own 0.75% of the company’s stock.

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.