Fiserv, Inc. (NYSE:FI) Holdings Lifted by Sawyer & Company Inc

Sawyer & Company Inc grew its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,568 shares of the business services provider’s stock after purchasing an additional 180 shares during the quarter. Sawyer & Company Inc’s holdings in Fiserv were worth $2,582,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in FI. Clean Yield Group increased its stake in Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares during the period. Cedar Mountain Advisors LLC boosted its holdings in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in shares of Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 127 shares during the period. Kennebec Savings Bank bought a new stake in Fiserv during the third quarter worth approximately $40,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Fiserv in the third quarter worth approximately $44,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FI has been the topic of several research analyst reports. Tigress Financial lifted their price target on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Susquehanna boosted their price target on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, October 18th. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Oppenheimer lifted their price objective on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, Compass Point assumed coverage on shares of Fiserv in a research note on Wednesday, November 20th. They set a “buy” rating and a $278.00 target price for the company. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $223.17.

Fiserv Trading Down 0.2 %

Shares of NYSE:FI opened at $204.12 on Thursday. The firm has a fifty day moving average of $209.69 and a two-hundred day moving average of $186.07. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 12-month low of $135.97 and a 12-month high of $223.23. The firm has a market capitalization of $116.13 billion, a P/E ratio of 39.25, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The firm had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.96 earnings per share. On average, equities analysts expect that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the transaction, the director now 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,821 shares of company stock worth $18,581,095. Corporate insiders own 0.75% of the company’s stock.

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.