Tectonic Advisors LLC Reduces Stake in Fiserv, Inc. (NYSE:FI)

Tectonic Advisors LLC cut its holdings in shares of Fiserv, Inc. (NYSE:FI) by 4.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,229 shares of the business services provider’s stock after selling 281 shares during the quarter. Tectonic Advisors LLC’s holdings in Fiserv were worth $1,280,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Soros Capital Management LLC grew its position in Fiserv by 71.7% during the third 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 period. Czech National Bank boosted its stake in shares of Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after acquiring an additional 6,072 shares in the last quarter. Chiron Investment Management LLC acquired a new stake in shares of Fiserv during the 3rd quarter valued at about $4,709,000. Trust Co. of Vermont increased its stake in shares of Fiserv by 170.4% in the 4th 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 in the last quarter. Finally, Cardano Risk Management B.V. acquired a new position in Fiserv in the 4th quarter worth about $97,254,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FI has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Mizuho upped their price target on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Tigress Financial boosted their price objective on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

Fiserv Stock Up 6.8 %

Shares of NYSE:FI opened at $228.83 on Thursday. The company has a market capitalization of $130.19 billion, a price-to-earnings ratio of 44.01, a PEG ratio of 1.42 and a beta of 0.94. Fiserv, Inc. has a 12-month low of $137.13 and a 12-month high of $231.61. The business has a 50-day moving average price of $208.45 and a 200 day moving average price of $192.25. 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 (NYSE:FI) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Sell-side analysts expect that Fiserv, Inc. will post 8.77 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.75% of the stock is owned by 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.