Mutual Advisors LLC Purchases 295 Shares of Fiserv, Inc. (NYSE:FI)

Mutual Advisors LLC raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 5.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,802 shares of the business services provider’s stock after buying an additional 295 shares during the period. Mutual Advisors LLC’s holdings in Fiserv were worth $1,197,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Soros Capital Management LLC raised its stake in Fiserv by 71.7% during 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 purchasing an additional 22,884 shares during the period. Czech National Bank grew its holdings in Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after buying an additional 6,072 shares in the last quarter. Chiron Investment Management LLC bought a new stake in shares of Fiserv during the third quarter valued at approximately $4,709,000. Trust Co. of Vermont lifted its holdings in shares of Fiserv by 170.4% in the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock worth $1,405,000 after buying an additional 4,310 shares in the last quarter. Finally, Cardano Risk Management B.V. purchased a new position in Fiserv during the fourth quarter valued at $97,254,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Price Performance

Shares of FI stock opened at $208.90 on Friday. The company has a market capitalization of $118.85 billion, a P/E ratio of 40.17, a P/E/G ratio of 1.37 and a beta of 0.94. The company’s 50-day simple moving average is $209.02 and its two-hundred day simple moving average is $188.80. Fiserv, Inc. has a one year low of $137.13 and a one year high of $223.23. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Fiserv from $220.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Barclays increased their price target on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Royal Bank of Canada upped their price objective on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Morgan Stanley raised their target price on shares of Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, TD Cowen upped their price target on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

Insider Activity at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were 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 in the company, 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 SEC, which can be accessed through this hyperlink. Also, Director Heidi Miller sold 30,000 shares of the company’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 transaction of $6,033,900.00. Following the completion of the sale, the director now directly owns 33,235 shares of the company’s stock, valued at $6,684,555.55. The trade was a 47.44 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

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.