Ballentine Partners LLC Buys 76 Shares of Fiserv, Inc. (NYSE:FI)

Ballentine Partners LLC raised its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.0% in the fourth quarter, Holdings Channel reports. The fund owned 7,990 shares of the business services provider’s stock after acquiring an additional 76 shares during the period. Ballentine Partners LLC’s holdings in Fiserv were worth $1,641,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Clean Yield Group increased its stake in shares of Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC increased 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 buying an additional 57 shares in the last quarter. Kennebec Savings Bank acquired a new stake in shares of Fiserv in the third quarter valued at $40,000. Friedenthal Financial acquired a new stake in shares of Fiserv in the fourth quarter valued at $49,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Fiserv in the third quarter valued at $44,000. 90.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FI shares. Jefferies Financial Group raised their target price on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Compass Point assumed coverage on Fiserv in a research report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price objective for the company. Mizuho lifted their price objective on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. The Goldman Sachs Group lifted their price objective on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Royal Bank of Canada lifted their price objective on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

Fiserv Trading Up 0.1 %

NYSE:FI opened at $208.85 on Wednesday. Fiserv, Inc. has a fifty-two week low of $137.13 and a fifty-two week high of $223.23. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $118.82 billion, a PE ratio of 40.16, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94. The business’s 50-day simple moving average is $209.33 and its 200-day simple moving average is $187.72.

Fiserv (NYSE:FI) last released its quarterly earnings data 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. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the previous year, the business posted $1.96 EPS. Fiserv’s revenue for the quarter was up 7.0% on a year-over-year basis. Sell-side analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Activity

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the sale, the director now owns 33,235 shares in the company, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 value of $4,468,394.81. Following the completion of the sale, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here. 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.