Wedmont Private Capital Grows Stock Position in Fiserv, Inc. (NYSE:FI)

Wedmont Private Capital boosted its stake in shares of Fiserv, Inc. (NYSE:FI) by 5.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,583 shares of the business services provider’s stock after acquiring an additional 363 shares during the quarter. Wedmont Private Capital’s holdings in Fiserv were worth $1,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Asset Allocation & Management Company LLC bought a new stake in Fiserv in the fourth quarter valued at approximately $224,000. Cardano Risk Management B.V. purchased a new position in shares of Fiserv in the fourth quarter worth $97,254,000. Capital Investment Advisors LLC raised its holdings in Fiserv by 4.9% during the 4th quarter. Capital Investment Advisors LLC now owns 4,906 shares of the business services provider’s stock valued at $1,008,000 after buying an additional 229 shares during the last quarter. Trust Co. of Toledo NA OH boosted its position in Fiserv by 8.9% during the 4th quarter. Trust Co. of Toledo NA OH now owns 1,902 shares of the business services provider’s stock valued at $391,000 after buying an additional 156 shares during the period. Finally, Czech National Bank grew its holdings in Fiserv by 5.2% in the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after acquiring an additional 6,072 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Morgan Stanley increased their target price on shares of Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Stephens reiterated an “overweight” rating and issued a $255.00 price objective on shares of Fiserv in a research report on Thursday, January 2nd. Oppenheimer upped their target price on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. BMO Capital Markets lifted their price target on shares of Fiserv from $222.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $222.88.

Insider Activity

In other news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction on Tuesday, November 12th. The stock was 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 of the company’s stock, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 90,821 shares of company stock valued at $18,581,095 in the last 90 days. 0.75% of the stock is currently owned by insiders.

Fiserv Price Performance

Shares of FI opened at $201.63 on Tuesday. The company has a market capitalization of $114.71 billion, a P/E ratio of 38.78, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94. Fiserv, Inc. has a twelve month low of $135.97 and a twelve month high of $223.23. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a 50 day moving average of $209.66 and a 200 day moving average of $185.68.

Fiserv (NYSE:FI) last posted its quarterly 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. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the previous year, the business earned $1.96 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. As a group, equities research analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

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.