Sargent Investment Group LLC Reduces Position in Fiserv, Inc. (NYSE:FI)

Sargent Investment Group LLC trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 21.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,468 shares of the business services provider’s stock after selling 932 shares during the quarter. Sargent Investment Group LLC’s holdings in Fiserv were worth $699,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. E. Ohman J or Asset Management AB increased its position in shares of Fiserv by 9.0% during the fourth quarter. E. Ohman J or Asset Management AB now owns 26,100 shares of the business services provider’s stock worth $5,361,000 after acquiring an additional 2,150 shares during the last quarter. Robbins Farley increased its position in shares of Fiserv by 4.9% during the fourth quarter. Robbins Farley now owns 27,567 shares of the business services provider’s stock worth $5,663,000 after acquiring an additional 1,288 shares during the last quarter. Longboard Asset Management LP acquired a new position in Fiserv in the fourth quarter worth about $274,000. WESPAC Advisors SoCal LLC acquired a new position in Fiserv in the fourth quarter worth about $780,000. Finally, Calamos Wealth Management LLC acquired a new position in Fiserv in the fourth quarter worth about $438,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FI shares. Stephens reiterated an “overweight” rating and issued a $255.00 price target on shares of Fiserv in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods lifted their target price on Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Compass Point initiated coverage on Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price for the company. Morgan Stanley lifted their target price on Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, The Goldman Sachs Group lifted their target price on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Three 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’s stock. Based on data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $224.00.

Insiders Place Their Bets

In other news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.75% of the company’s stock.

Fiserv Stock Down 1.1 %

FI stock opened at $214.21 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 1 year low of $137.13 and a 1 year high of $223.23. The company has a fifty day simple moving average of $208.61 and a 200 day simple moving average of $191.84. The firm has a market cap of $121.87 billion, a PE ratio of 41.19, a PEG ratio of 1.42 and a beta of 0.94.

Fiserv Company 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.