By otakuyassine3@gmail.com 
State of Alaska Department of Revenue cut its holdings in Fiserv, Inc. (NYSE:FI – Free Report) by 2.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 74,613 shares of the business services provider’s stock after selling 2,020 shares during the quarter. State of Alaska Department of Revenue’s holdings in Fiserv were worth $15,326,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Czech National Bank lifted its holdings in Fiserv by 5.2% in the third quarter. Czech National Bank now owns 117,281 shares of the business services provider’s stock valued at $21,070,000 after buying an additional 5,784 shares during the period. Dynamic Advisor Solutions LLC lifted its stake in shares of Fiserv by 4.4% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 9,247 shares of the business services provider’s stock valued at $1,661,000 after purchasing an additional 393 shares during the period. Clean Yield Group increased 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 last quarter. Atomi Financial Group Inc. increased its stake in shares of Fiserv by 18.2% in the 3rd quarter. Atomi Financial Group Inc. now owns 4,894 shares of the business services provider’s stock valued at $879,000 after acquiring an additional 753 shares during the last quarter. Finally, Country Trust Bank boosted its stake in Fiserv by 4.3% during the 3rd quarter. Country Trust Bank now owns 298,179 shares of the business services provider’s stock worth $53,568,000 after acquiring an additional 12,241 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.
Insider Buying and Selling
In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.75% of the stock is owned by insiders.
Fiserv Price Performance
Shares of Fiserv stock opened at $228.83 on Thursday. The company has a 50-day simple moving average of $208.45 and a two-hundred day simple moving average of $192.25. Fiserv, Inc. has a twelve month low of $137.13 and a twelve month high of $231.61. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $130.19 billion, a price-to-earnings ratio of 44.01, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94.
Fiserv (NYSE:FI – Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current year.
Analysts Set New Price Targets
FI has been the topic of several analyst reports. Barclays increased their target price on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Mizuho lifted their price target on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. The Goldman Sachs Group increased their price objective on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Stephens reaffirmed an “overweight” rating and issued a $255.00 target price on shares of Fiserv in a research note on Thursday, January 2nd. Finally, UBS Group increased their price objective on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Three equities research 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 stock. Based on data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $224.00.
Read Our Latest Research Report on Fiserv
Fiserv Company 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.
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