Longboard Asset Management LP Acquires Shares of 1,334 Fiserv, Inc. (NYSE:FI)

Longboard Asset Management LP bought a new position in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,334 shares of the business services provider’s stock, valued at approximately $274,000. Fiserv makes up approximately 0.7% of Longboard Asset Management LP’s investment portfolio, making the stock its 6th largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Valley National Advisers Inc. purchased a new position in Fiserv during the 4th quarter valued at about $29,000. Clean Yield Group boosted its stake in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares during the period. Cedar Mountain Advisors LLC grew its position in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares in the last quarter. Kennebec Savings Bank purchased a new position in Fiserv during the third quarter worth about $40,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Fiserv in the 3rd quarter valued at about $44,000. Institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FI shares. Wells Fargo & Company boosted their price target on shares of Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Barclays upped their price objective on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Citigroup raised their price target on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Mizuho upped their price target on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Oppenheimer increased their target price on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. 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, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $224.00.

Fiserv Stock Up 0.3 %

Shares of Fiserv stock opened at $216.59 on Tuesday. Fiserv, Inc. has a 1 year low of $137.13 and a 1 year high of $223.23. The firm has a market cap of $123.22 billion, a price-to-earnings ratio of 41.65, a PEG ratio of 1.42 and a beta of 0.94. The company has a 50-day moving average of $208.72 and a 200 day moving average of $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.

Insiders Place Their Bets

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

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.