Eads & Heald Wealth Management Has $3.41 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Eads & Heald Wealth Management reduced its stake in Fiserv, Inc. (NYSE:FI) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,583 shares of the business services provider’s stock after selling 1,986 shares during the period. Fiserv accounts for about 1.7% of Eads & Heald Wealth Management’s investment portfolio, making the stock its 6th biggest holding. Eads & Heald Wealth Management’s holdings in Fiserv were worth $3,406,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kimelman & Baird LLC bought a new stake in Fiserv during the 2nd quarter valued at $60,000. AE Wealth Management LLC increased its holdings in shares of Fiserv by 176.4% during the second quarter. AE Wealth Management LLC now owns 16,136 shares of the business services provider’s stock valued at $2,405,000 after purchasing an additional 10,298 shares during the period. Pacer Advisors Inc. raised its stake in shares of Fiserv by 38.8% during the second quarter. Pacer Advisors Inc. now owns 62,455 shares of the business services provider’s stock valued at $9,308,000 after purchasing an additional 17,462 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Fiserv by 2.2% in the second quarter. Thrivent Financial for Lutherans now owns 191,892 shares of the business services provider’s stock worth $28,600,000 after purchasing an additional 4,208 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in Fiserv by 267.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 15,190 shares of the business services provider’s stock valued at $2,264,000 after buying an additional 11,059 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of Fiserv 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 in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was 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 in the company, valued at approximately $6,684,555.55. This trade represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FI has been the topic of a number of recent analyst reports. Mizuho boosted their price target on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Susquehanna upped their target price on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, October 18th. UBS Group lifted their price target on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. TD Cowen boosted their price objective on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $224.00.

Fiserv Trading Up 0.1 %

NYSE:FI opened at $208.85 on Wednesday. The stock has a market cap of $118.82 billion, a PE ratio of 40.16, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94. Fiserv, Inc. has a fifty-two week low of $137.13 and a fifty-two week high of $223.23. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s 50-day moving average is $209.33 and its two-hundred day moving average is $187.72.

Fiserv (NYSE:FI) last announced its quarterly earnings data 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 net margin of 15.22% and a return on equity of 17.10%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.96 earnings per share. As a group, equities research analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Fiserv 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.