Clear Harbor Asset Management LLC Invests $636,000 in Fiserv, Inc. (NYSE:FI)

Clear Harbor Asset Management LLC purchased a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 3,098 shares of the business services provider’s stock, valued at approximately $636,000.

A number of other large investors have also recently bought and sold shares of the business. Perpetual Ltd grew its stake in shares of Fiserv by 70.1% in the 4th quarter. Perpetual Ltd now owns 3,576 shares of the business services provider’s stock valued at $735,000 after purchasing an additional 1,474 shares during the last quarter. Ballentine Partners LLC lifted its holdings in shares of Fiserv by 1.0% during the fourth quarter. Ballentine Partners LLC now owns 7,990 shares of the business services provider’s stock worth $1,641,000 after purchasing an additional 76 shares during the period. Addenda Capital Inc. grew its position in Fiserv by 5.4% in the 4th quarter. Addenda Capital Inc. now owns 75,355 shares of the business services provider’s stock valued at $15,479,000 after buying an additional 3,879 shares during the last quarter. Abacus Wealth Partners LLC increased its stake in Fiserv by 12.3% in the 4th quarter. Abacus Wealth Partners LLC now owns 1,329 shares of the business services provider’s stock valued at $273,000 after buying an additional 146 shares during the period. Finally, Leonard Rickey Investment Advisors P.L.L.C. purchased a new position in Fiserv during the 4th quarter worth $215,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insiders Place Their Bets

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of Fiserv 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 sale, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $6,033,900.00. Following the transaction, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Oppenheimer boosted their price target 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. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Royal Bank of Canada increased their target price on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company lifted their price target on Fiserv from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, TD Cowen increased their price objective on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. 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 company’s stock. According to data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $224.00.

Fiserv Trading Up 0.1 %

Fiserv stock opened at $208.85 on Wednesday. The stock has a 50-day moving average price of $209.33 and a 200 day moving average price of $187.72. Fiserv, Inc. has a 52 week low of $137.13 and a 52 week high of $223.23. The stock has a market cap of $118.82 billion, a PE ratio of 40.16, a P/E/G ratio of 1.37 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85.

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

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.