Highland Capital Management LLC Buys New Holdings in Fiserv, Inc. (NYSE:FI)

Highland Capital Management LLC purchased a new position in Fiserv, Inc. (NYSE:FI) during the fourth quarter, Holdings Channel reports. The fund purchased 5,936 shares of the business services provider’s stock, valued at approximately $1,219,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. USAdvisors Wealth Management LLC purchased a new stake in shares of Fiserv during the fourth quarter worth about $322,000. Allen Capital Group LLC purchased a new stake in Fiserv in the 4th quarter worth approximately $202,000. Sumitomo Life Insurance Co. increased its stake in shares of Fiserv by 8.5% during the fourth quarter. Sumitomo Life Insurance Co. now owns 20,688 shares of the business services provider’s stock valued at $4,250,000 after buying an additional 1,626 shares during the period. R Squared Ltd bought a new position in shares of Fiserv during the fourth quarter valued at approximately $146,000. Finally, SteelPeak Wealth LLC purchased a new stake in Fiserv in the fourth quarter worth $2,897,000. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.75% of the stock is owned by corporate insiders.

Fiserv Stock Up 1.6 %

Fiserv stock opened at $215.91 on Friday. Fiserv, Inc. has a one year low of $137.13 and a one year high of $223.23. The stock has a fifty day moving average of $208.86 and a 200 day moving average of $190.36. 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 market cap of $122.84 billion, a PE ratio of 41.52, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94.

Analyst Ratings Changes

Several analysts have weighed in on FI shares. Morgan Stanley lifted their price objective on Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. UBS Group increased their price target on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Barclays lifted their price target on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Royal Bank of Canada upped their price objective on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, KeyCorp lifted their target price on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Three investment 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $224.00.

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.