Fiserv, Inc. (NYSE:FI) Holdings Lifted by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 34.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,090 shares of the business services provider’s stock after acquiring an additional 3,318 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Fiserv were worth $2,689,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Clean Yield Group boosted its holdings in shares of Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC boosted its stake in shares of Fiserv by 42.5% during the 3rd 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 during the period. Kennebec Savings Bank purchased a new position in shares of Fiserv during the 3rd quarter valued at $40,000. Friedenthal Financial acquired a new position in shares of Fiserv in the fourth quarter worth $49,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Fiserv during the third quarter worth $44,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FI. Compass Point started coverage on Fiserv in a research note on Wednesday, November 20th. They set a “buy” rating and a $278.00 price target for the company. Citigroup lifted their target price on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Morgan Stanley increased their price target 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. Wells Fargo & Company lifted their price objective on shares of Fiserv from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, Stephens restated an “overweight” rating and set a $255.00 target price on shares of Fiserv in a report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $224.00.

Insiders Place Their Bets

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction 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 directly owns 33,235 shares in the company, valued at $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction on 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 completion of 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of NYSE:FI opened at $208.90 on Friday. The business’s 50 day moving average is $209.02 and its 200-day moving average is $188.80. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $118.85 billion, a PE ratio of 40.17, a PEG ratio of 1.37 and a beta of 0.94. Fiserv, Inc. has a 1-year low of $137.13 and a 1-year high of $223.23.

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.