Boomfish Wealth Group LLC Has $247,000 Stock Position in Fiserv, Inc. (NYSE:FI)

Boomfish Wealth Group LLC reduced its stake in shares of Fiserv, Inc. (NYSE:FI) by 28.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,201 shares of the business services provider’s stock after selling 467 shares during the quarter. Boomfish Wealth Group LLC’s holdings in Fiserv were worth $247,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of 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. Sanders Capital LLC acquired a new stake in shares of Fiserv in the 3rd quarter valued at $764,543,000. Barclays PLC boosted its holdings in Fiserv by 3.0% in the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after purchasing an additional 48,413 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Fiserv by 0.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock valued at $236,739,000 after buying an additional 4,218 shares in the last quarter. Finally, National Pension Service lifted its position in shares of Fiserv by 9.2% in the third quarter. National Pension Service now owns 1,112,168 shares of the business services provider’s stock worth $199,801,000 after buying an additional 93,508 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

Shares of Fiserv stock opened at $215.91 on Friday. The firm has a fifty day moving average of $208.86 and a two-hundred day moving average of $190.36. 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 $122.84 billion, a price-to-earnings ratio of 41.52, a PEG ratio of 1.39 and a beta of 0.94. Fiserv, Inc. has a 52 week low of $137.13 and a 52 week high of $223.23.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FI. Compass Point initiated coverage on shares of Fiserv in a report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective for the company. UBS Group raised 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. The Goldman Sachs Group boosted 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. TD Cowen raised their target price on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $224.00.

Insider Buying and Selling

In other news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was 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 of the company’s stock, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.75% of the stock is owned by insiders.

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.