Cascade Investment Group Inc. Has $705,000 Stock Holdings in Fiserv, Inc. (NYSE:FI)

Cascade Investment Group Inc. reduced its holdings in shares of Fiserv, Inc. (NYSE:FI) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,433 shares of the business services provider’s stock after selling 70 shares during the quarter. Cascade Investment Group Inc.’s holdings in Fiserv were worth $705,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FI. Soros Capital Management LLC raised its position in Fiserv by 71.7% in the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after buying an additional 22,884 shares during the last quarter. Czech National Bank raised its holdings in shares of Fiserv by 5.2% in the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after purchasing an additional 6,072 shares during the last quarter. Chiron Investment Management LLC bought a new position in shares of Fiserv during the third quarter valued at about $4,709,000. Cardano Risk Management B.V. purchased a new position in Fiserv during the fourth quarter worth about $97,254,000. Finally, Maxwell Wealth Strategies Inc. grew its position in Fiserv by 23.6% in the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider’s stock worth $2,696,000 after purchasing an additional 2,869 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on FI shares. Barclays lifted their target price on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Jefferies Financial Group boosted their price objective on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Morgan Stanley raised their target price on Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Mizuho boosted their price target on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, KeyCorp raised their price objective on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

Insider Activity

In other news, CAO Kenneth Best sold 20,821 shares of Fiserv 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 transaction, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the transaction, the director now owns 33,235 shares in the company, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,821 shares of company stock valued at $18,581,095. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Up 1.2 %

Shares of NYSE FI opened at $208.67 on Monday. 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 business has a 50-day moving average of $209.45 and a 200-day moving average of $187.03. The firm has a market capitalization of $118.71 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 1.32 and a beta of 0.94. Fiserv, Inc. has a 12 month low of $136.93 and a 12 month high of $223.23.

Fiserv (NYSE:FI) last announced its 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 net margin of 15.22% and a return on equity of 17.10%. The company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the previous year, the business earned $1.96 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Sell-side analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal 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.