Lebenthal Global Advisors LLC Buys 95 Shares of Fiserv, Inc. (NYSE:FI)

Lebenthal Global Advisors LLC grew its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,523 shares of the business services provider’s stock after acquiring an additional 95 shares during the period. Lebenthal Global Advisors LLC’s holdings in Fiserv were worth $1,751,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FI. Clean Yield Group lifted 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 worth $31,000 after purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC increased its holdings 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 purchasing an additional 57 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its position in shares of Fiserv by 95.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 127 shares during the period. Kennebec Savings Bank bought a new position in shares of Fiserv during the 3rd quarter worth about $40,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Fiserv in the third quarter valued at approximately $44,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FI. Tigress Financial increased their price objective on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. boosted their target price on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Barclays increased their price target on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Morgan Stanley increased their target price on Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Finally, TD Cowen raised their price objective on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Insider Buying and Selling at Fiserv

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the sale, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction on 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 transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Fiserv Stock Down 0.1 %

Shares of Fiserv stock opened at $208.73 on Monday. Fiserv, Inc. has a 1 year low of $137.13 and a 1 year high of $223.23. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The company has a 50-day moving average of $209.02 and a 200 day moving average of $189.35. The firm has a market cap of $118.75 billion, a price-to-earnings ratio of 40.09, a PEG ratio of 1.37 and a beta of 0.94.

Fiserv Company 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.