Neumann Capital Management LLC Buys 150 Shares of Fiserv, Inc. (NYSE:FI)

Neumann Capital Management LLC grew its stake in shares of Fiserv, Inc. (NYSE:FI) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,890 shares of the business services provider’s stock after acquiring an additional 150 shares during the period. Neumann Capital Management LLC’s holdings in Fiserv were worth $1,005,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Waypoint Capital Advisors LLC increased its stake in shares of Fiserv by 1.7% during the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after buying an additional 51 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in Fiserv by 3.0% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock worth $360,000 after acquiring an additional 51 shares in the last quarter. Optas LLC raised its holdings in shares of Fiserv by 1.7% in the 3rd quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after purchasing an additional 54 shares in the last quarter. Cedar Mountain Advisors LLC lifted its position in shares of Fiserv by 42.5% in 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 during the period. Finally, Central Valley Advisors LLC increased its holdings in Fiserv by 0.5% during the fourth quarter. Central Valley Advisors LLC now owns 11,324 shares of the business services provider’s stock valued at $2,326,000 after buying an additional 57 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

FI has been the topic of several recent research reports. Barclays increased their target price on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Wells Fargo & Company raised their price target on shares of Fiserv from $220.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. TD Cowen boosted their price objective on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Oppenheimer raised their target price on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group upped their price target on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Three analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus price target of $224.00.

Insider Activity

In other Fiserv news, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value 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 approximately $6,684,555.55. The trade was a 47.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction 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 $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Fiserv Trading Down 1.5 %

NYSE:FI opened at $206.35 on Friday. Fiserv, Inc. has a 1 year low of $137.13 and a 1 year high of $223.23. 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 has a fifty day moving average price of $209.15 and a two-hundred day moving average price of $188.28. The stock has a market capitalization of $117.40 billion, a price-to-earnings ratio of 39.68, a PEG ratio of 1.37 and a beta of 0.94.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion for 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 company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.96 EPS. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

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.