Central Valley Advisors LLC Acquires 57 Shares of Fiserv, Inc. (NYSE:FI)

Central Valley Advisors LLC grew its stake in shares of Fiserv, Inc. (NYSE:FI) by 0.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,324 shares of the business services provider’s stock after purchasing an additional 57 shares during the quarter. Fiserv comprises 1.1% of Central Valley Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Central Valley Advisors LLC’s holdings in Fiserv were worth $2,326,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Clean Yield Group lifted its holdings in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares during the period. Cedar Mountain Advisors LLC lifted its stake in Fiserv by 42.5% in the third 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 bought a new stake in Fiserv in the third quarter valued at $40,000. Friedenthal Financial bought a new position in Fiserv in the 4th quarter worth $49,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Fiserv in the 3rd quarter worth about $44,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In related news, Director Heidi Miller sold 30,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were 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 owns 33,235 shares of the company’s stock, valued at $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Doyle Simons sold 40,000 shares of the company’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 transaction, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. 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 Trading Up 1.0 %

Shares of FI stock opened at $206.21 on Friday. The company has a market cap of $117.32 billion, a PE ratio of 39.66, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. Fiserv, Inc. has a 1 year low of $136.48 and a 1 year high of $223.23. The stock’s 50 day simple moving average is $209.55 and its two-hundred day simple moving average is $186.20. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last issued its quarterly earnings results 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. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the company earned $1.96 earnings per share. Fiserv’s revenue was up 7.0% on a year-over-year basis. Research analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods upped their price target on Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Susquehanna upped their price target on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, October 18th. Citigroup raised their price objective on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday. Tigress Financial lifted their price objective on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, Stephens reaffirmed an “overweight” rating and issued a $255.00 target price on shares of Fiserv in a research report on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $224.00.

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.