2,210 Shares in Fiserv, Inc. (NYSE:FI) Bought by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC acquired a new stake in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,210 shares of the business services provider’s stock, valued at approximately $454,000.

Other hedge funds also recently added to or reduced their stakes in the company. Waypoint Capital Advisors LLC grew its stake in Fiserv by 1.7% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after acquiring an additional 51 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of Fiserv by 3.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock worth $360,000 after purchasing an additional 51 shares during the period. Optas LLC grew its position in Fiserv by 1.7% during the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after purchasing an additional 54 shares in the last quarter. Cedar Mountain Advisors LLC increased its stake in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares during the period. Finally, Central Valley Advisors LLC lifted its position in Fiserv by 0.5% in the 4th quarter. Central Valley Advisors LLC now owns 11,324 shares of the business services provider’s stock worth $2,326,000 after buying an additional 57 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Tigress Financial upped their price target on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. TD Cowen raised their price target on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Citigroup boosted their price target on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods raised their price objective on shares of Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, Mizuho boosted their target price on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $224.00.

Insider Activity

In related 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 transaction of $4,468,394.81. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 33,235 shares in the company, valued at $6,684,555.55. This trade represents a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

Fiserv Trading Up 0.2 %

Shares of FI opened at $209.48 on Thursday. The stock’s 50-day moving average price is $209.23 and its 200 day moving average price is $188.13. 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, Inc. has a 12-month low of $137.13 and a 12-month high of $223.23. The firm has a market capitalization of $119.18 billion, a price-to-earnings ratio of 40.28, a P/E/G ratio of 1.37 and a beta of 0.94.

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

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.