Fiserv, Inc. (NYSE:FI) Shares Purchased by Perigon Wealth Management LLC

Perigon Wealth Management LLC raised its holdings in Fiserv, Inc. (NYSE:FI) by 12.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,566 shares of the business services provider’s stock after acquiring an additional 384 shares during the period. Perigon Wealth Management LLC’s holdings in Fiserv were worth $736,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FI. Clean Yield Group grew its holdings in 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 purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC boosted its holdings in shares of Fiserv by 42.5% in the 3rd 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 during the last quarter. Kennebec Savings Bank purchased a new stake in shares of Fiserv during the 3rd quarter valued at $40,000. Friedenthal Financial acquired a new stake in shares of Fiserv during the 4th quarter worth $49,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Fiserv in the 3rd quarter worth $44,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of research reports. Keefe, Bruyette & Woods boosted their price target on Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Wells Fargo & Company increased their target price on shares of Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. lifted their price target on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Citigroup increased their price objective on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, Tigress Financial lifted their target price on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

Insider Activity at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction dated 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 sale, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

Fiserv Trading Up 0.1 %

Shares of NYSE FI opened at $216.07 on Friday. The stock has a market capitalization of $122.93 billion, a P/E ratio of 41.55, a PEG ratio of 1.39 and a beta of 0.94. The stock’s 50 day moving average price is $208.83 and its two-hundred day moving average price is $190.54. 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 52-week low of $137.13 and a 52-week high of $223.23.

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.