Y.D. More Investments Ltd Sells 62 Shares of Fiserv, Inc. (NYSE:FI)

Y.D. More Investments Ltd decreased its position in shares of Fiserv, Inc. (NYSE:FI) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,076 shares of the business services provider’s stock after selling 62 shares during the period. Y.D. More Investments Ltd’s holdings in Fiserv were worth $426,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Valley National Advisers Inc. purchased a new stake in Fiserv in the 4th quarter valued at about $29,000. Clean Yield Group boosted its holdings in shares of Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC grew its stake in Fiserv by 42.5% in the third 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. Kennebec Savings Bank purchased a new position in Fiserv during the 3rd quarter worth $40,000. Finally, Northwest Investment Counselors LLC bought a new stake in Fiserv during the 3rd quarter valued at $44,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Up 6.8 %

Shares of FI stock opened at $228.83 on Thursday. Fiserv, Inc. has a fifty-two week low of $137.13 and a fifty-two week high of $231.61. The firm has a market capitalization of $130.19 billion, a PE ratio of 44.01, a P/E/G ratio of 1.42 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 stock’s 50-day simple moving average is $208.45 and its 200-day simple moving average is $192.25.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Equities analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. KeyCorp increased their price target on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price target on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods increased their price objective on shares of Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. TD Cowen lifted their price objective on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Three investment 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. Based on data from MarketBeat, Fiserv has an average rating of “Moderate Buy” and a consensus price target of $224.00.

Insider Buying and Selling 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 stock was 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 $8,320,644.31. The trade was a 34.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.75% of the stock is owned by corporate insiders.

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.