Fiserv, Inc. (NYSE:FI) Shares Bought by Trivant Custom Portfolio Group LLC

Trivant Custom Portfolio Group LLC grew its position in Fiserv, Inc. (NYSE:FI) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,070 shares of the business services provider’s stock after purchasing an additional 103 shares during the period. Trivant Custom Portfolio Group LLC’s holdings in Fiserv were worth $1,041,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Merit Financial Group LLC increased its holdings in shares of Fiserv by 146.9% during the fourth quarter. Merit Financial Group LLC now owns 19,803 shares of the business services provider’s stock valued at $4,068,000 after purchasing an additional 11,783 shares during the period. Wedge Capital Management L L P NC acquired a new position in Fiserv during the 4th quarter valued at about $204,000. Relyea Zuckerberg Hanson LLC raised its position in shares of Fiserv by 20.0% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 1,645 shares of the business services provider’s stock worth $338,000 after buying an additional 274 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its stake in shares of Fiserv by 3.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock worth $360,000 after acquiring an additional 51 shares during the period. Finally, RDA Financial Network boosted its holdings in shares of Fiserv by 103.9% in the fourth quarter. RDA Financial Network now owns 14,951 shares of the business services provider’s stock valued at $3,071,000 after acquiring an additional 7,619 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity

In related 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 transaction of $4,468,394.81. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the sale, the director now directly owns 33,235 shares in the company, valued at $6,684,555.55. This trade represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 90,821 shares of company stock valued at $18,581,095 over the last 90 days. 0.75% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. BMO Capital Markets upped their target price on Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Barclays upped their price target on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Stephens reissued an “overweight” rating and set a $255.00 target price on shares of Fiserv in a research note on Thursday, January 2nd. Royal Bank of Canada increased their price objective on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group lifted their target price on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Three investment 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

Fiserv Stock Up 1.2 %

FI stock opened at $208.67 on Friday. 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 firm has a market cap of $118.71 billion, a PE ratio of 40.13, a PEG ratio of 1.32 and a beta of 0.94. Fiserv, Inc. has a 1 year low of $136.93 and a 1 year high of $223.23. The company has a fifty day simple moving average of $209.49 and a 200 day simple moving average of $186.34.

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

Fiserv 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.