GDS Wealth Management Increases Stock Holdings in Fiserv, Inc. (NYSE:FI)

GDS Wealth Management grew its holdings in shares of Fiserv, Inc. (NYSE:FI) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,901 shares of the business services provider’s stock after purchasing an additional 3,395 shares during the period. Fiserv comprises about 1.4% of GDS Wealth Management’s portfolio, making the stock its 28th biggest position. GDS Wealth Management’s holdings in Fiserv were worth $15,592,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in FI. Catalina Capital Group LLC increased its stake in Fiserv by 2.3% in the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock valued at $444,000 after buying an additional 48 shares during the period. Mount Yale Investment Advisors LLC boosted its holdings in shares of Fiserv by 1.2% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock valued at $848,000 after acquiring an additional 50 shares in the last quarter. Waypoint Capital Advisors LLC increased its stake in shares of Fiserv by 1.7% during the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after acquiring an additional 51 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in Fiserv by 3.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock worth $360,000 after purchasing an additional 51 shares in the last quarter. Finally, Optas LLC lifted its position in Fiserv by 1.7% in the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on FI. Keefe, Bruyette & Woods boosted their target price on Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. The Goldman Sachs Group upped their price objective on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Royal Bank of Canada raised their target price on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Stephens reaffirmed an “overweight” rating and set a $255.00 price target on shares of Fiserv in a research note on Thursday, January 2nd. Finally, UBS Group raised their price objective on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Three research 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $224.00.

Insider Buying and Selling

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the firm’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 sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.75% of the stock is owned by company insiders.

Fiserv Price Performance

Fiserv stock opened at $216.59 on Tuesday. The firm’s 50-day moving average is $208.72 and its two-hundred day moving average is $191.43. 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 stock has a market capitalization of $123.22 billion, a P/E ratio of 41.65, a P/E/G ratio of 1.42 and a beta of 0.94. Fiserv, Inc. has a 12-month low of $137.13 and a 12-month high of $223.23.

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.