Tobam Sells 222 Shares of Fiserv, Inc. (NYSE:FI)

Tobam trimmed its position in Fiserv, Inc. (NYSE:FI) by 23.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 712 shares of the business services provider’s stock after selling 222 shares during the quarter. Tobam’s holdings in Fiserv were worth $146,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FI. Valley National Advisers Inc. bought a new position in Fiserv during the 4th quarter worth about $29,000. Cedar Mountain Advisors LLC lifted its position in shares of Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the period. Kennebec Savings Bank purchased a new stake in shares of Fiserv in the 3rd quarter worth approximately $40,000. Northwest Investment Counselors LLC purchased a new position in Fiserv during the third quarter valued at approximately $44,000. Finally, Wolff Wiese Magana LLC raised its stake in Fiserv by 904.0% in the third quarter. Wolff Wiese Magana LLC now owns 251 shares of the business services provider’s stock worth $45,000 after buying an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on FI shares. Royal Bank of Canada increased their target price on Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday. Mizuho lifted their target price on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Compass Point assumed coverage on shares of Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price for the company. JPMorgan Chase & Co. raised their price target on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, TD Cowen boosted their price objective on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Two investment 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $235.91.

Fiserv Stock Performance

FI opened at $230.18 on Friday. 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 12-month low of $142.14 and a 12-month high of $233.26. The firm has a 50 day moving average of $208.82 and a two-hundred day moving average of $192.78. The firm has a market capitalization of $130.95 billion, a PE ratio of 44.27, a P/E/G ratio of 1.42 and a beta of 0.94.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. On average, analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Activity

In other news, CAO Kenneth Best sold 20,821 shares of Fiserv 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 $8,320,644.31. The trade was a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.75% of the company’s stock.

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.