Richardson Financial Services Inc. Boosts Stock Position in Fiserv, Inc. (NYSE:FI)

Richardson Financial Services Inc. boosted its position in shares of Fiserv, Inc. (NYSE:FI) by 349.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 283 shares of the business services provider’s stock after acquiring an additional 220 shares during the quarter. Richardson Financial Services Inc.’s holdings in Fiserv were worth $58,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FI. Centaurus Financial Inc. lifted its holdings in Fiserv by 19.4% during the 2nd quarter. Centaurus Financial Inc. now owns 1,931 shares of the business services provider’s stock worth $288,000 after buying an additional 314 shares in the last quarter. Czech National Bank increased its position in shares of Fiserv by 5.2% in the 3rd quarter. Czech National Bank now owns 117,281 shares of the business services provider’s stock valued at $21,070,000 after purchasing an additional 5,784 shares during the last quarter. Quent Capital LLC lifted its position in shares of Fiserv by 55.6% during the 3rd quarter. Quent Capital LLC now owns 1,958 shares of the business services provider’s stock worth $351,000 after purchasing an additional 700 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of Fiserv by 1.8% during the third quarter. Handelsbanken Fonder AB now owns 212,233 shares of the business services provider’s stock worth $38,128,000 after purchasing an additional 3,673 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Fiserv by 19.4% in the third quarter. GAMMA Investing LLC now owns 14,547 shares of the business services provider’s stock valued at $2,613,000 after buying an additional 2,360 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Performance

NYSE:FI opened at $216.07 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a fifty-two week low of $137.13 and a fifty-two week high of $223.23. The firm’s fifty day simple moving average is $208.72 and its 200-day simple moving average is $191.19. The stock has a market cap of $122.93 billion, a PE ratio of 41.55, a price-to-earnings-growth ratio of 1.39 and a beta of 0.94.

Insiders Place Their Bets

In other news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction on 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 transaction, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.75% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FI has been the topic of a number of recent analyst reports. Barclays increased their price objective on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Compass Point began coverage on shares of Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective for the company. Tigress Financial lifted their price target on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Susquehanna upped their price objective on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, October 18th. Finally, Stephens reissued an “overweight” rating and issued a $255.00 target price on shares of Fiserv in a report on Thursday, January 2nd. Three 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.com, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

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.