Albion Financial Group UT Cuts Stake in Fiserv, Inc. (NYSE:FI)

Albion Financial Group UT trimmed its position in Fiserv, Inc. (NYSE:FI) by 0.6% during the 4th quarter, HoldingsChannel reports. The firm owned 138,884 shares of the business services provider’s stock after selling 893 shares during the quarter. Fiserv accounts for about 2.0% of Albion Financial Group UT’s investment portfolio, making the stock its 13th largest holding. Albion Financial Group UT’s holdings in Fiserv were worth $28,529,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in FI. Waypoint Capital Advisors LLC raised its position in 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 purchasing an additional 51 shares during the period. Wealthcare Advisory Partners LLC raised 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 valued at $360,000 after buying an additional 51 shares during the period. Optas LLC boosted its stake in Fiserv by 1.7% during the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock worth $578,000 after buying an additional 54 shares during the period. Cedar Mountain Advisors LLC increased its position in Fiserv by 42.5% during 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 during the last quarter. Finally, Central Valley Advisors LLC raised its stake in shares of Fiserv by 0.5% in 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 acquiring an additional 57 shares during the period. Institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 33,235 shares in the company, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The sale 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 company’s stock in a transaction dated 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 of the company’s stock, valued at $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on FI shares. Tigress Financial increased their price objective on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Stephens reissued an “overweight” rating and set a $255.00 price target on shares of Fiserv in a research note on Thursday, January 2nd. TD Cowen upped their price objective on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group boosted their target price on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Compass Point assumed coverage on shares of Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $224.00.

Fiserv Trading Up 0.1 %

Shares of NYSE:FI opened at $208.85 on Wednesday. The business has a 50-day moving average price of $209.23 and a 200-day moving average price of $188.13. The stock has a market cap of $118.82 billion, a price-to-earnings ratio of 40.16, a PEG ratio of 1.37 and a beta of 0.94. Fiserv, Inc. has a 52-week low of $137.13 and a 52-week high of $223.23. 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 (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter last year, the company posted $1.96 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. Equities analysts predict that Fiserv, Inc. will post 8.77 EPS for the current 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.