Wendell David Associates Inc. Has $27.79 Million Holdings in Fiserv, Inc. (NYSE:FI)

Wendell David Associates Inc. trimmed its position in shares of Fiserv, Inc. (NYSE:FI) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 135,300 shares of the business services provider’s stock after selling 1,295 shares during the period. Fiserv comprises 2.7% of Wendell David Associates Inc.’s portfolio, making the stock its 8th largest position. Wendell David Associates Inc.’s holdings in Fiserv were worth $27,793,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Soros Capital Management LLC boosted its position in Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after acquiring an additional 22,884 shares in the last quarter. Czech National Bank grew its stake in Fiserv by 5.2% in the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after purchasing an additional 6,072 shares during the period. Chiron Investment Management LLC bought a new position in Fiserv in the third quarter worth $4,709,000. Trust Co. of Vermont lifted its position in Fiserv by 170.4% during the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock valued at $1,405,000 after buying an additional 4,310 shares during the period. Finally, Cardano Risk Management B.V. bought a new stake in shares of Fiserv during the 4th quarter valued at $97,254,000. 90.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FI shares. The Goldman Sachs Group lifted their price target on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. raised their price objective on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Morgan Stanley upped their target price on shares of Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Royal Bank of Canada raised their price target on shares of Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company boosted their price objective on shares of Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Three equities research 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. Based on data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $224.00.

Insider Activity at Fiserv

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the sale, the director now directly owns 33,235 shares of the company’s stock, valued at $6,684,555.55. This trade represents a 47.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

Fiserv Stock Performance

Shares of FI opened at $209.48 on Thursday. Fiserv, Inc. has a 52 week low of $137.13 and a 52 week 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. The stock has a market cap of $119.18 billion, a price-to-earnings ratio of 40.28, a PEG ratio of 1.37 and a beta of 0.94. The business has a 50-day simple moving average of $209.23 and a two-hundred day simple moving average of $188.13.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.96 EPS. On average, analysts expect that Fiserv, Inc. will post 8.77 EPS for the current year.

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.