Holland Advisory Services Inc. Invests $208,000 in Fiserv, Inc. (NYSE:FI)

Holland Advisory Services Inc. acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,014 shares of the business services provider’s stock, valued at approximately $208,000.

A number of other large investors have also modified their holdings of the company. Sanders Capital LLC acquired a new stake in Fiserv during the third quarter valued at approximately $764,543,000. FMR LLC boosted its stake in Fiserv by 17.8% in the 3rd 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 in the last quarter. Maj Invest Holding A S bought a new stake in Fiserv in the third quarter valued at $172,993,000. Kovitz Investment Group Partners LLC raised its stake in Fiserv by 788.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after acquiring an additional 561,377 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its holdings in shares of Fiserv by 1,238.6% during the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after acquiring an additional 558,774 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FI has been the subject of a number of recent analyst reports. Citigroup increased their target price on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday. UBS Group upped their price objective on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Compass Point began coverage on shares of Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price for the company. BMO Capital Markets increased their price target on Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Morgan Stanley lifted their price objective on Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and a consensus target price of $224.00.

Fiserv Stock Performance

Shares of Fiserv stock opened at $208.67 on Friday. Fiserv, Inc. has a 52 week low of $136.93 and a 52 week high of $223.23. 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 stock has a market capitalization of $118.71 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 1.32 and a beta of 0.94. The firm has a fifty day moving average of $209.49 and a two-hundred day moving average of $186.34.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.04. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.96 earnings per share. As a group, equities research analysts predict that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Activity at Fiserv

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 33,235 shares in the company, valued at approximately $6,684,555.55. This trade represents a 47.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,821 shares of company stock worth $18,581,095. 0.75% of the stock is currently owned by company insiders.

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.