Harbor Investment Advisory LLC Trims Holdings in Fiserv, Inc. (NYSE:FI)

Harbor Investment Advisory LLC reduced its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,899 shares of the business services provider’s stock after selling 225 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Fiserv were worth $2,855,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FI. Clean Yield Group boosted its position in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares during the period. Cedar Mountain Advisors LLC boosted its holdings in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares during the period. Newbridge Financial Services Group Inc. grew its stake in Fiserv by 95.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after purchasing an additional 127 shares in the last quarter. Kennebec Savings Bank purchased a new position in Fiserv during the 3rd quarter worth $40,000. Finally, Northwest Investment Counselors LLC bought a new stake in Fiserv during the 3rd quarter valued at $44,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Price Performance

Shares of NYSE FI opened at $208.67 on Tuesday. Fiserv, Inc. has a 52 week low of $136.93 and a 52 week high of $223.23. The business’s 50 day moving average price is $209.45 and its 200 day moving average price is $187.30. 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 firm has a market cap of $118.71 billion, a P/E ratio of 40.13, a P/E/G ratio of 1.32 and a beta of 0.94.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.96 earnings per share. On average, sell-side analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insider Buying and Selling at Fiserv

In related news, Director Heidi Miller sold 30,000 shares of the stock in a transaction 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 sale, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction 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 transaction, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,821 shares of company stock valued at $18,581,095. 0.75% of the stock is owned by insiders.

Analyst Ratings Changes

FI has been the topic of a number of recent research reports. Susquehanna increased their price target on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, October 18th. Morgan Stanley raised their target price on shares of Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Keefe, Bruyette & Woods upped their price target on shares of Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Stephens reiterated an “overweight” rating and set a $255.00 price objective on shares of Fiserv in a research note on Thursday, January 2nd. Finally, Barclays upped their target price on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Three investment 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $224.00.

About Fiserv

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.