Forsta AP Fonden Trims Stock Holdings in Fiserv, Inc. (NYSE:FI)

Forsta AP Fonden lowered its stake in shares of Fiserv, Inc. (NYSE:FI) by 0.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 139,500 shares of the business services provider’s stock after selling 200 shares during the period. Forsta AP Fonden’s holdings in Fiserv were worth $28,656,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Sumitomo Life Insurance Co. increased its holdings in Fiserv by 8.5% during the 4th quarter. Sumitomo Life Insurance Co. now owns 20,688 shares of the business services provider’s stock worth $4,250,000 after acquiring an additional 1,626 shares during the period. R Squared Ltd bought a new stake in Fiserv during the fourth quarter valued at $146,000. SteelPeak Wealth LLC purchased a new position in Fiserv during the fourth quarter worth about $2,897,000. BSW Wealth Partners raised its holdings in shares of Fiserv by 10.5% in the 4th quarter. BSW Wealth Partners now owns 3,737 shares of the business services provider’s stock valued at $768,000 after acquiring an additional 354 shares in the last quarter. Finally, Perigon Wealth Management LLC boosted its position in shares of Fiserv by 12.1% during the 4th quarter. Perigon Wealth Management LLC now owns 3,566 shares of the business services provider’s stock valued at $736,000 after acquiring an additional 384 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Insider Transactions at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. The trade was 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. Corporate insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FI. Stephens reaffirmed an “overweight” rating and issued a $255.00 target price on shares of Fiserv in a research note on Thursday, January 2nd. Compass Point started coverage on shares of Fiserv in a research report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price for the company. Jefferies Financial Group raised their price target on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group increased their price objective on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Barclays boosted their target price on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $224.00.

Fiserv Stock Performance

Shares of FI stock opened at $211.90 on Wednesday. The firm has a market capitalization of $120.55 billion, a price-to-earnings ratio of 40.75, a PEG ratio of 1.37 and a beta of 0.94. The stock has a fifty day moving average of $208.96 and a 200 day moving average of $190.20. 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.

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.