Keudell Morrison Wealth Management Has $331,000 Stock Position in Fiserv, Inc. (NYSE:FI)

Keudell Morrison Wealth Management lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 16.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,612 shares of the business services provider’s stock after selling 319 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Fiserv were worth $331,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of FI. Soros Capital Management LLC increased its holdings in shares of Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after acquiring an additional 22,884 shares during the last quarter. Czech National Bank boosted its position in Fiserv by 5.2% during the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after purchasing an additional 6,072 shares during the period. Chiron Investment Management LLC acquired a new position in shares of Fiserv in the third quarter valued at $4,709,000. Trust Co. of Vermont raised its position 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 valued at $1,405,000 after purchasing an additional 4,310 shares during the period. Finally, Cardano Risk Management B.V. acquired a new stake in shares of Fiserv during the 4th quarter worth about $97,254,000. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on FI shares. Oppenheimer increased their price target on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. TD Cowen increased their target price on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Barclays boosted 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. Citigroup increased their price objective on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, Tigress Financial boosted their target price on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Three 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $224.00.

Insider Buying and Selling

In related news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Stock Up 1.6 %

Shares of NYSE:FI opened at $215.91 on Friday. Fiserv, Inc. has a 52-week low of $137.13 and a 52-week high of $223.23. The company has a market capitalization of $122.84 billion, a PE ratio of 41.52, a price-to-earnings-growth ratio of 1.39 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The company has a fifty day moving average of $208.83 and a 200-day moving average of $190.54.

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.