Abundance Wealth Counselors Has $2.28 Million Stake in Fiserv, Inc. (NYSE:FI)

Abundance Wealth Counselors reduced its position in shares of Fiserv, Inc. (NYSE:FI) by 1.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,108 shares of the business services provider’s stock after selling 203 shares during the quarter. Abundance Wealth Counselors’ holdings in Fiserv were worth $2,282,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC grew its position in Fiserv by 1.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock worth $848,000 after buying an additional 50 shares in the last quarter. Waypoint Capital Advisors LLC grew its holdings in shares of Fiserv by 1.7% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after purchasing an additional 51 shares in the last quarter. Wealthcare Advisory Partners LLC increased its position in shares of Fiserv by 3.0% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock worth $360,000 after purchasing an additional 51 shares during the period. Optas LLC raised its stake in Fiserv by 1.7% in the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after purchasing an additional 54 shares in the last quarter. Finally, Cedar Mountain Advisors LLC lifted 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 worth $34,000 after purchasing an additional 57 shares during the period. 90.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FI shares. JPMorgan Chase & Co. lifted their price objective on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Stephens reissued an “overweight” rating and set a $255.00 price target on shares of Fiserv in a report on Thursday, January 2nd. Susquehanna raised their price objective on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, October 18th. TD Cowen boosted their target price on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods raised their price target on shares of Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

Insider Buying and Selling at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the business’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 sale, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.75% of the company’s stock.

Fiserv Stock Up 0.1 %

Shares of NYSE:FI opened at $216.07 on Friday. The business’s 50-day moving average is $208.72 and its 200-day moving average is $190.96. Fiserv, Inc. has a 1 year low of $137.13 and a 1 year high of $223.23. The company has a market capitalization of $122.93 billion, a price-to-earnings ratio of 41.55, a P/E/G ratio of 1.39 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

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.