1,000 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Heartwood Wealth Advisors LLC

Heartwood Wealth Advisors LLC bought a new stake in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, Holdings Channel reports. The firm bought 1,000 shares of the business services provider’s stock, valued at approximately $205,000.

A number of other hedge funds have also recently made changes to their positions in FI. Clean Yield Group grew its holdings in shares of Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC boosted its stake in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares during the last quarter. Newbridge Financial Services Group Inc. increased its holdings in shares of Fiserv by 95.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after purchasing an additional 127 shares in the last quarter. Kennebec Savings Bank purchased a new position in shares of Fiserv in the third quarter worth $40,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Fiserv during the third quarter valued at $44,000. 90.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Compass Point assumed coverage on Fiserv in a research report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price for the company. The Goldman Sachs Group raised their target price on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Barclays upped their price objective on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Susquehanna increased their price target on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, October 18th. Finally, Stephens reissued an “overweight” rating and set a $255.00 price target on shares of Fiserv in a report on Thursday, January 2nd. Three investment 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $222.88.

Fiserv Trading Down 2.1 %

Shares of NYSE FI traded down $4.35 during midday trading on Friday, hitting $200.88. The company’s stock had a trading volume of 1,727,618 shares, compared to its average volume of 2,046,475. The business’s 50 day moving average is $209.68 and its two-hundred day moving average is $184.46. Fiserv, Inc. has a 12-month low of $135.13 and a 12-month high of $223.23. 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 firm has a market cap of $114.28 billion, a P/E ratio of 38.63, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.04. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $1.96 earnings per share. As a group, equities research analysts expect that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Buying and Selling at Fiserv

In other Fiserv news, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the transaction, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 33,235 shares of the company’s stock, valued at $6,684,555.55. The trade was a 47.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,821 shares of company stock valued at $18,581,095 in the last three months. Company insiders own 0.75% of the company’s stock.

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.