Matrix Asset Advisors Inc. NY Lowers Position in Fiserv, Inc. (NYSE:FI)

Matrix Asset Advisors Inc. NY cut its position in shares of Fiserv, Inc. (NYSE:FI) by 13.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,264 shares of the business services provider’s stock after selling 4,707 shares during the quarter. Matrix Asset Advisors Inc. NY’s holdings in Fiserv were worth $6,422,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nilsine Partners LLC boosted its holdings in shares of Fiserv by 0.5% during the 4th quarter. Nilsine Partners LLC now owns 33,814 shares of the business services provider’s stock valued at $6,946,000 after buying an additional 157 shares in the last quarter. Lebenthal Global Advisors LLC lifted its position in Fiserv by 1.1% during the 4th quarter. Lebenthal Global Advisors LLC now owns 8,523 shares of the business services provider’s stock valued at $1,751,000 after acquiring an additional 95 shares during the period. Mount Yale Investment Advisors LLC lifted its position in Fiserv by 1.2% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock valued at $848,000 after acquiring an additional 50 shares during the period. Cornerstone Wealth Group LLC boosted its stake in Fiserv by 3.3% during the fourth quarter. Cornerstone Wealth Group LLC now owns 2,378 shares of the business services provider’s stock worth $488,000 after acquiring an additional 75 shares in the last quarter. Finally, KBC Group NV grew its holdings in Fiserv by 187.6% in the fourth quarter. KBC Group NV now owns 394,171 shares of the business services provider’s stock worth $80,970,000 after purchasing an additional 257,128 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

NYSE FI opened at $213.02 on Tuesday. The business’s fifty day moving average is $209.02 and its 200 day moving average is $189.35. 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 quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $121.19 billion, a PE ratio of 40.96, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94.

Analyst Upgrades and Downgrades

FI has been the topic of a number of analyst reports. Mizuho boosted their price target on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada boosted their target price on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Wells Fargo & Company lifted their price target on Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Barclays increased their price objective 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. Three investment 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 stock. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

Insider Activity

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $4,468,394.81. Following the transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. 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.