Fiserv, Inc. (NYSE:FI) Shares Acquired by Cullen Investment Group LTD.

Cullen Investment Group LTD. grew its position in Fiserv, Inc. (NYSE:FI) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 13,819 shares of the business services provider’s stock after acquiring an additional 78 shares during the quarter. Cullen Investment Group LTD.’s holdings in Fiserv were worth $2,839,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FI. Clean Yield Group raised its position in shares of Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC raised its holdings in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares during the period. Kennebec Savings Bank acquired a new position in Fiserv during the 3rd quarter worth $40,000. Friedenthal Financial bought a new stake in Fiserv during the fourth quarter valued at about $49,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Fiserv in the third quarter valued at about $44,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the sale, the director now directly owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,821 shares of company stock worth $18,581,095. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Up 0.6 %

Shares of Fiserv stock opened at $201.63 on Tuesday. Fiserv, Inc. has a 52-week low of $135.97 and a 52-week high of $223.23. The stock has a market capitalization of $114.71 billion, a price-to-earnings ratio of 38.78, a P/E/G ratio of 1.56 and a beta of 0.94. The company’s 50 day moving average price is $209.66 and its 200-day moving average price is $185.68. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The company 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% compared to the same quarter last year. During the same quarter last year, the firm posted $1.96 earnings per share. Equities research analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FI. Jefferies Financial Group raised their target price on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group increased their price target on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Compass Point initiated coverage on shares of Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price for the company. Keefe, Bruyette & Woods upped their price target on Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Citigroup lifted their price objective on Fiserv from $187.00 to $226.00 in a report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $222.88.

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.