Fiserv, Inc. (NYSE:FI) Stock Position Lowered by Court Place Advisors LLC

Court Place Advisors LLC trimmed its position in shares of Fiserv, Inc. (NYSE:FI) by 2.1% during the 4th quarter, HoldingsChannel reports. The firm owned 7,098 shares of the business services provider’s stock after selling 150 shares during the quarter. Court Place Advisors LLC’s holdings in Fiserv were worth $1,458,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Sanders Capital LLC acquired a new position in Fiserv in the 3rd quarter valued at approximately $764,543,000. FMR LLC increased its stake in shares of Fiserv by 17.8% in the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after acquiring an additional 1,427,664 shares during the last quarter. Maj Invest Holding A S acquired a new position in shares of Fiserv in the third quarter worth $172,993,000. Kovitz Investment Group Partners LLC raised its holdings in shares of Fiserv by 788.7% during 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 acquiring an additional 561,377 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its stake in Fiserv by 1,238.6% in 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 and hedge funds.

Insider Activity at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 directly owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the sale, the director now directly owns 33,235 shares of the company’s stock, valued at $6,684,555.55. This represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

Fiserv Stock Up 2.0 %

Shares of FI opened at $213.02 on Tuesday. The firm has a market capitalization of $121.19 billion, a price-to-earnings ratio of 40.96, 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 debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The business’s fifty day moving average price is $209.02 and its two-hundred day moving average price is $189.35.

Wall Street Analysts Forecast Growth

FI has been the subject of several research reports. Wells Fargo & Company lifted their price target on Fiserv from $220.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Morgan Stanley boosted their target price on shares of Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Oppenheimer raised their price target on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Mizuho upped their price objective on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $224.00.

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.