Fiserv, Inc. (NYSE:FI) Shares Sold by Mather Group LLC.

Mather Group LLC. reduced its position in shares of Fiserv, Inc. (NYSE:FI) by 10.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,834 shares of the business services provider’s stock after selling 224 shares during the period. Mather Group LLC.’s holdings in Fiserv were worth $377,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FI. Robbins Farley grew its stake in Fiserv by 4.9% during the 4th quarter. Robbins Farley now owns 27,567 shares of the business services provider’s stock valued at $5,663,000 after purchasing an additional 1,288 shares in the last quarter. Longboard Asset Management LP purchased a new position in shares of Fiserv during the 4th quarter valued at approximately $274,000. WESPAC Advisors SoCal LLC acquired a new stake in shares of Fiserv during the fourth quarter worth approximately $780,000. Calamos Wealth Management LLC bought a new stake in shares of Fiserv in the fourth quarter worth $438,000. Finally, Calamos Advisors LLC raised its holdings in Fiserv by 14.9% in the fourth quarter. Calamos Advisors LLC now owns 193,595 shares of the business services provider’s stock valued at $39,768,000 after acquiring an additional 25,066 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Up 0.7 %

FI stock opened at $231.05 on Friday. The firm’s 50-day moving average is $208.61 and its two-hundred day moving average is $192.51. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $131.45 billion, a price-to-earnings ratio of 44.43, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94. Fiserv, Inc. has a 52 week low of $140.26 and a 52 week high of $232.25.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. On average, analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Activity

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Citigroup boosted their target price on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Oppenheimer upped their price objective on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. BMO Capital Markets lifted their target price on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday. Jefferies Financial Group upped their price target on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley lifted their price objective on shares of Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a report on Thursday. Three 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $232.13.

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.