Buttonwood Financial Advisors Inc. Sells 558 Shares of Fiserv, Inc. (NYSE:FI)

Buttonwood Financial Advisors Inc. lessened its stake in shares of Fiserv, Inc. (NYSE:FI) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,371 shares of the business services provider’s stock after selling 558 shares during the period. Fiserv accounts for approximately 1.1% of Buttonwood Financial Advisors Inc.’s holdings, making the stock its 26th biggest position. Buttonwood Financial Advisors Inc.’s holdings in Fiserv were worth $2,541,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Sanders Capital LLC purchased a new position in Fiserv during the 3rd quarter valued at approximately $764,543,000. FMR LLC boosted its position in shares of Fiserv by 17.8% during 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 acquiring an additional 1,427,664 shares during the last quarter. Maj Invest Holding A S purchased a new position in shares of Fiserv in the third quarter valued at $172,993,000. Kovitz Investment Group Partners LLC increased its position in Fiserv by 788.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after purchasing an additional 561,377 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its stake in Fiserv by 1,238.6% during the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after purchasing an additional 558,774 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Performance

Shares of FI stock opened at $208.90 on Monday. The firm has a market cap of $118.85 billion, a price-to-earnings ratio of 40.17, a PEG ratio of 1.37 and a beta of 0.94. 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 company’s 50 day moving average is $209.02 and its 200 day moving average is $189.35.

Wall Street Analyst Weigh In

FI has been the topic of a number of research reports. BMO Capital Markets boosted their target price on shares of Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Susquehanna boosted their price objective on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, October 18th. Stephens reaffirmed an “overweight” rating and issued a $255.00 price objective on shares of Fiserv in a research note on Thursday, January 2nd. The Goldman Sachs Group boosted their target price on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Oppenheimer raised their price target on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

Insider Activity

In related 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 owns 33,235 shares of the company’s stock, valued at $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

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.