Cadinha & Co. LLC Purchases 80,651 Shares of Fiserv, Inc. (NYSE:FI)

Cadinha & Co. LLC increased its position in shares of Fiserv, Inc. (NYSE:FI) by 798.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,758 shares of the business services provider’s stock after acquiring an additional 80,651 shares during the period. Fiserv comprises 3.1% of Cadinha & Co. LLC’s holdings, making the stock its 15th largest holding. Cadinha & Co. LLC’s holdings in Fiserv were worth $18,644,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FI. Clean Yield Group grew its holdings in shares of Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC grew its stake in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares during the last quarter. Kennebec Savings Bank acquired a new position in shares of Fiserv during the third quarter worth $40,000. Friedenthal Financial bought a new position in shares of Fiserv in the 4th quarter valued at $49,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Fiserv during the 3rd quarter valued at $44,000. 90.98% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was 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 owns 38,771 shares in the company, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the transaction, the director now directly owns 33,235 shares in the company, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 90,821 shares of company stock worth $18,581,095 in the last ninety days. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Up 1.2 %

Fiserv stock opened at $208.67 on Friday. 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 has a market capitalization of $118.71 billion, a PE ratio of 40.13, a PEG ratio of 1.32 and a beta of 0.94. The firm’s fifty day moving average is $209.45 and its 200 day moving average is $186.76. Fiserv, Inc. has a 12-month low of $136.93 and a 12-month high of $223.23.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the business posted $1.96 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, sell-side analysts predict that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on FI. Stephens reiterated an “overweight” rating and issued a $255.00 target price on shares of Fiserv in a research report on Thursday, January 2nd. Barclays raised their price objective on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. UBS Group boosted their target price on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Robert W. Baird raised their price target on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Finally, Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus 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.