Traveka Wealth LLC Buys Shares of 1,023 Fiserv, Inc. (NYSE:FI)

Traveka Wealth LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,023 shares of the business services provider’s stock, valued at approximately $210,000.

Other hedge funds also recently modified their holdings of the company. Clean Yield Group increased its stake in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 138 shares during the period. Cedar Mountain Advisors LLC grew its holdings in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares in the last quarter. Newbridge Financial Services Group Inc. increased its position in shares of Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 127 shares during the period. Kennebec Savings Bank acquired a new position in shares of Fiserv in the third quarter valued at $40,000. Finally, Northwest Investment Counselors LLC bought a new position in Fiserv in the third quarter worth $44,000. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Performance

Shares of Fiserv stock opened at $201.63 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a 50 day simple moving average of $209.66 and a 200 day simple moving average of $185.68. Fiserv, Inc. has a fifty-two week low of $135.97 and a fifty-two week high of $223.23. The firm has a market cap of $114.71 billion, a P/E ratio of 38.78, a P/E/G ratio of 1.56 and a beta of 0.94.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate of $2.26 by $0.04. The company had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $1.96 EPS. Sell-side analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on FI. Royal Bank of Canada boosted their price target on shares of Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. KeyCorp upped their target price on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Stephens restated an “overweight” rating and set a $255.00 price target on shares of Fiserv in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods upped their price objective on Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, Mizuho raised their target price on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $222.88.

Insiders Place Their Bets

In related news, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Kenneth Best sold 20,821 shares of the company’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 of the company’s stock, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 90,821 shares of company stock valued at $18,581,095. 0.75% of the stock is currently owned by insiders.

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.