Union Bancaire Privee UBP SA Makes New Investment in Fiserv, Inc. (NYSE:FI)

Union Bancaire Privee UBP SA acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 57,204 shares of the business services provider’s stock, valued at approximately $11,330,000.

Other institutional investors also recently modified their holdings of the company. Clean Yield Group increased its stake in shares of Fiserv by 431.3% during the third 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 in the last quarter. Cedar Mountain Advisors LLC boosted its holdings in Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares in the last quarter. Kennebec Savings Bank purchased a new stake in shares of Fiserv in the third quarter worth $40,000. Friedenthal Financial purchased a new position in shares of Fiserv in the 4th quarter worth about $49,000. Finally, Northwest Investment Counselors LLC bought a new position in Fiserv in the 3rd quarter worth about $44,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction that occurred 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 approximately $8,320,644.31. This trade represents a 34.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction of $6,033,900.00. Following the completion of the sale, the director now directly 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. 0.75% of the stock is owned by insiders.

Fiserv Trading Up 1.2 %

FI opened at $208.90 on Monday. Fiserv, Inc. has a 12 month low of $137.13 and a 12 month high of $223.23. The stock has a fifty day moving average price of $209.02 and a 200-day moving average price of $189.07. The firm has a market cap of $118.85 billion, a price-to-earnings ratio of 40.17, a PEG ratio of 1.37 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FI shares. BMO Capital Markets boosted their target price on Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their price target on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Stephens reissued an “overweight” rating and issued a $255.00 price objective on shares of Fiserv in a report on Thursday, January 2nd. Finally, Barclays upped their target price on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. 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 currently has an average rating of “Moderate Buy” and a consensus target price of $224.00.

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.