Yousif Capital Management LLC Has $16.28 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Yousif Capital Management LLC trimmed its position in Fiserv, Inc. (NYSE:FI) by 2.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 79,256 shares of the business services provider’s stock after selling 1,887 shares during the period. Yousif Capital Management LLC’s holdings in Fiserv were worth $16,281,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Valley National Advisers Inc. acquired a new stake in shares of Fiserv in the fourth quarter worth $29,000. Clean Yield Group increased its holdings in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares during the period. Cedar Mountain Advisors LLC increased its holdings in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares during the period. Kennebec Savings Bank bought a new stake in Fiserv in the 3rd quarter valued at $40,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Fiserv in the 3rd quarter valued at $44,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Down 1.1 %

NYSE FI opened at $214.21 on Wednesday. The company has a market cap of $121.87 billion, a PE ratio of 41.19, a PEG ratio of 1.42 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 12 month low of $137.13 and a 12 month high of $223.23. The stock has a 50 day moving average of $208.61 and a 200-day moving average of $191.84.

Insider Activity

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction on 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 sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.75% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FI has been the topic of several recent analyst reports. Mizuho boosted their target price on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Wells Fargo & Company upped their target price on shares of Fiserv from $220.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. KeyCorp upped their price target on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. TD Cowen upped their price target on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley increased their target price on Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Three 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $224.00.

About Fiserv

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.