Cypress Wealth Services LLC Increases Position in Fiserv, Inc. (NYSE:FI)

Cypress Wealth Services LLC lifted its position in shares of Fiserv, Inc. (NYSE:FI) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,318 shares of the business services provider’s stock after purchasing an additional 76 shares during the period. Cypress Wealth Services LLC’s holdings in Fiserv were worth $271,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Clean Yield Group raised its position in shares of Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC raised its holdings 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 purchasing an additional 57 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its position in shares of Fiserv by 95.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after buying an additional 127 shares during the last quarter. Kennebec Savings Bank acquired a new position in shares of Fiserv in the 3rd quarter valued at $40,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Fiserv in the 3rd quarter valued at $44,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

Shares of NYSE FI opened at $208.67 on Friday. 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 fifty-two week low of $136.93 and a fifty-two week high of $223.23. The business has a 50 day moving average price of $209.49 and a two-hundred day moving average price of $186.34. The firm has a market cap of $118.71 billion, a PE ratio of 40.13, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.96 earnings per share. Sell-side analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the sale, the director now owns 33,235 shares in the company, valued at $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,821 shares of company stock valued at $18,581,095. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FI shares. Morgan Stanley boosted their price target on shares of Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. JPMorgan Chase & Co. raised their price target on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. TD Cowen boosted their price objective on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets raised their target price on shares of Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $224.00.

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.