IAM Advisory LLC Invests $273,000 in Fiserv, Inc. (NYSE:FI)

IAM Advisory LLC bought a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,328 shares of the business services provider’s stock, valued at approximately $273,000.

Other institutional investors have also added to or reduced their stakes in the company. Clean Yield Group lifted its position in shares of Fiserv by 431.3% in 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 during the period. Cedar Mountain Advisors LLC raised its stake in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its position in Fiserv by 95.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after purchasing an additional 127 shares during the period. Kennebec Savings Bank acquired a new stake in Fiserv during the third quarter worth $40,000. Finally, Northwest Investment Counselors LLC bought a new stake in Fiserv in the 3rd quarter valued at $44,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on FI shares. Jefferies Financial Group raised their price objective on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Citigroup raised their price target on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Royal Bank of Canada upped their price objective on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. KeyCorp raised their target price on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, UBS Group upped their price target on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Three investment 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, Fiserv presently has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Insiders Place Their Bets

In related news, Director Doyle Simons sold 40,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the sale, the director now directly owns 76,180 shares in the company, valued at $15,386,074.60. This trade represents a 34.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Kenneth Best sold 20,821 shares of the business’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 transaction, 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 position. 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. Company insiders own 0.75% of the company’s stock.

Fiserv Trading Up 1.2 %

Shares of FI opened at $208.67 on Friday. The stock’s fifty day simple moving average is $209.45 and its 200-day simple moving average is $186.76. The firm has a market capitalization 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, Inc. has a 12-month low of $136.93 and a 12-month high of $223.23. 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 (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.04. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.96 EPS. As a group, research analysts predict that Fiserv, Inc. will post 8.77 earnings per share 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.