Retireful LLC Acquires New Position in Fiserv, Inc. (NYSE:FI)

Retireful LLC bought a new position in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,467 shares of the business services provider’s stock, valued at approximately $712,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Soros Capital Management LLC lifted its position in shares of Fiserv by 71.7% in 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 acquiring an additional 22,884 shares in the last quarter. Czech National Bank lifted its holdings in Fiserv by 5.2% in the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after purchasing an additional 6,072 shares in the last quarter. Chiron Investment Management LLC bought a new position in Fiserv in the 3rd quarter worth approximately $4,709,000. Cardano Risk Management B.V. purchased a new stake in Fiserv during the 4th quarter valued at approximately $97,254,000. Finally, Maxwell Wealth Strategies Inc. raised its position in shares of Fiserv by 23.6% during the third quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider’s stock valued at $2,696,000 after buying an additional 2,869 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 1.0 %

Shares of NYSE FI opened at $206.21 on Friday. The company has a market cap of $117.32 billion, a P/E ratio of 39.66, a PEG ratio of 1.32 and a beta of 0.94. The firm has a 50-day simple moving average of $209.55 and a two-hundred day simple moving average of $186.20. Fiserv, Inc. has a 1 year low of $136.48 and a 1 year high of $223.23. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Fiserv’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.96 EPS. Research analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Wall Street Analyst Weigh In

FI has been the subject of a number of research reports. Robert W. Baird upped their target price on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Morgan Stanley increased their price objective on shares of Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. The Goldman Sachs Group lifted their target price on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Compass Point initiated coverage on Fiserv in a research note on Wednesday, November 20th. They set a “buy” rating and a $278.00 price target for the company. Finally, Susquehanna lifted their price objective on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, October 18th. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $224.00.

Insider Activity

In other news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the sale, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Kenneth Best sold 20,821 shares of the stock in a transaction that occurred on 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 directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,821 shares of company stock valued at $18,581,095. 0.75% of the stock is currently owned by company 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.