Confluence Wealth Services Inc. Grows Stock Holdings in Fiserv, Inc. (NYSE:FI)

Confluence Wealth Services Inc. lifted its stake in Fiserv, Inc. (NYSE:FI) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,226 shares of the business services provider’s stock after purchasing an additional 130 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Fiserv were worth $666,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. FMR LLC grew its stake in shares of Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after buying an additional 1,427,664 shares during the last quarter. Sanders Capital LLC bought a new stake in shares of Fiserv in the 3rd quarter valued at about $764,543,000. Barclays PLC lifted its holdings in Fiserv by 3.0% during the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after buying an additional 48,413 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in Fiserv by 0.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock valued at $236,739,000 after purchasing an additional 4,218 shares in the last quarter. Finally, National Pension Service grew its position in shares of Fiserv by 9.2% in the 3rd quarter. National Pension Service now owns 1,112,168 shares of the business services provider’s stock worth $199,801,000 after buying an additional 93,508 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the company’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 completion of the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Susquehanna boosted their target price on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, October 18th. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Oppenheimer boosted their target price on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Tigress Financial lifted their price target on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods lifted their price target on Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Fiserv Price Performance

FI stock opened at $228.83 on Thursday. The business’s fifty day moving average price is $208.45 and its 200 day moving average price is $192.25. Fiserv, Inc. has a 12-month low of $137.13 and a 12-month high of $231.61. The company has a market capitalization of $130.19 billion, a PE ratio of 44.01, a P/E/G ratio of 1.42 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. On average, sell-side analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current year.

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.