Fiserv, Inc. (NYSE:FI) Shares Bought by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated lifted its stake in shares of Fiserv, Inc. (NYSE:FI) by 124.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,648 shares of the business services provider’s stock after acquiring an additional 1,469 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Fiserv were worth $546,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Susquehanna upped their target price on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, October 18th. BMO Capital Markets increased their target price on shares of Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday. UBS Group boosted their price target on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Oppenheimer boosted their price objective on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $235.91.

Insider Activity

In other news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.75% of the stock is owned by insiders.

Fiserv Price Performance

Fiserv stock opened at $230.18 on Friday. The business’s fifty day moving average is $208.82 and its two-hundred day moving average is $192.78. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $130.95 billion, a P/E ratio of 44.27, a P/E/G ratio of 1.42 and a beta of 0.94. Fiserv, Inc. has a 52 week low of $142.14 and a 52 week high of $233.26.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (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%. Equities research analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

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.