Journey Strategic Wealth LLC Boosts Holdings in Fiserv, Inc. (NYSE:FI)

Journey Strategic Wealth LLC raised its stake in shares of Fiserv, Inc. (NYSE:FI) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,425 shares of the business services provider’s stock after purchasing an additional 58 shares during the period. Journey Strategic Wealth LLC’s holdings in Fiserv were worth $293,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FI. Centaurus Financial Inc. raised its position in shares of Fiserv by 19.4% in the second quarter. Centaurus Financial Inc. now owns 1,931 shares of the business services provider’s stock valued at $288,000 after buying an additional 314 shares during the last quarter. Czech National Bank raised its position in shares of Fiserv by 5.2% in the third quarter. Czech National Bank now owns 117,281 shares of the business services provider’s stock valued at $21,070,000 after buying an additional 5,784 shares during the last quarter. GAMMA Investing LLC raised its position in shares of 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 during the last quarter. WealthBridge Capital Management LLC acquired a new stake in shares of Fiserv in the third quarter valued at about $400,000. Finally, Diversified Trust Co raised its position in shares of Fiserv by 2.7% in the third quarter. Diversified Trust Co now owns 61,972 shares of the business services provider’s stock valued at $11,133,000 after buying an additional 1,642 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FI has been the subject of several recent analyst reports. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. raised their price objective on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group raised their price objective on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada raised their price objective on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Stephens restated an “overweight” rating and set a $255.00 price objective on shares of Fiserv in a research report on Thursday, January 2nd. Three investment 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $224.00.

Fiserv Stock Up 0.3 %

FI opened at $216.59 on Tuesday. The business’s fifty day simple moving average is $208.72 and its 200 day simple moving average is $191.43. 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 52 week low of $137.13 and a 52 week high of $223.23. The firm has a market cap of $123.22 billion, a P/E ratio of 41.65, a PEG ratio of 1.42 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 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 transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.75% of the stock is owned by corporate insiders.

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.