Fairvoy Private Wealth LLC Makes New $5.91 Million Investment in Fiserv, Inc. (NYSE:FI)

Fairvoy Private Wealth LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,747 shares of the business services provider’s stock, valued at approximately $5,905,000. Fiserv accounts for approximately 1.6% of Fairvoy Private Wealth LLC’s investment portfolio, making the stock its 17th biggest holding.

A number of other large investors also recently made changes to their positions in FI. Valley National Advisers Inc. purchased a new position in shares of Fiserv in the 4th quarter worth $29,000. Cedar Mountain Advisors LLC raised its position in shares of Fiserv by 42.5% in the 3rd 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 during the period. Kennebec Savings Bank purchased a new position in shares of Fiserv in the 3rd quarter worth $40,000. Northwest Investment Counselors LLC purchased a new position in shares of Fiserv in the 3rd quarter worth $44,000. Finally, Wolff Wiese Magana LLC raised its position in shares of Fiserv by 904.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 251 shares of the business services provider’s stock worth $45,000 after buying an additional 226 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction that occurred on 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 sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.75% of the company’s stock.

Fiserv Trading Up 0.7 %

Shares of NYSE FI opened at $231.05 on Friday. The company’s 50 day simple moving average is $208.61 and its 200 day simple moving average is $192.51. Fiserv, Inc. has a fifty-two week low of $140.26 and a fifty-two week high of $232.25. The firm has a market capitalization of $131.45 billion, a P/E ratio of 44.43, a P/E/G ratio of 1.42 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating 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, analysts predict that Fiserv, Inc. will post 8.77 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Susquehanna increased their price target on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods increased their price target on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank of Canada increased their price target on Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday. Jefferies Financial Group increased their price target on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Finally, Compass Point started coverage on Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target for the company. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and an average price target of $232.13.

Fiserv Company 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.