Fiserv, Inc. (NYSE:FI) Stake Decreased by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC cut its stake in Fiserv, Inc. (NYSE:FI) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 571,141 shares of the business services provider’s stock after selling 35,686 shares during the period. Fiserv makes up 5.4% of Birch Hill Investment Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Birch Hill Investment Advisors LLC’s holdings in Fiserv were worth $117,324,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of FI. Valley National Advisers Inc. acquired a new stake in Fiserv in the fourth quarter valued at approximately $29,000. Cedar Mountain Advisors LLC grew its holdings in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares in the last quarter. Kennebec Savings Bank purchased a new stake in Fiserv during the 3rd quarter worth $40,000. Friedenthal Financial acquired a new position in Fiserv in the 4th quarter worth $49,000. Finally, Northwest Investment Counselors LLC purchased a new position in Fiserv in the 3rd quarter valued at about $44,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insiders Place Their Bets

In related 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 transaction of $4,468,394.81. Following the transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Morgan Stanley boosted their price target on Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research note on Thursday. Compass Point started coverage on shares of Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price target for the company. The Goldman Sachs Group upped their price target on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Jefferies Financial Group boosted their target price on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company increased their price target on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $235.91.

Fiserv Trading Down 0.5 %

Shares of NYSE:FI opened at $230.18 on Friday. Fiserv, Inc. has a 1 year low of $142.14 and a 1 year high of $233.26. The firm has a fifty day moving average price of $209.01 and a 200 day moving average price of $193.27. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $130.95 billion, a PE ratio of 42.71, a P/E/G ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Analysts expect that Fiserv, Inc. will post 10.22 EPS for the current fiscal year.

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.