Fiserv, Inc. (NYSE:FI) Stock Position Lowered by Romano Brothers AND Company

Romano Brothers AND Company decreased its position in Fiserv, Inc. (NYSE:FI) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 73,927 shares of the business services provider’s stock after selling 325 shares during the period. Fiserv accounts for about 1.9% of Romano Brothers AND Company’s investment portfolio, making the stock its 10th biggest position. Romano Brothers AND Company’s holdings in Fiserv were worth $15,186,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Soros Capital Management LLC boosted its position in Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after acquiring an additional 22,884 shares in the last quarter. Czech National Bank lifted its stake in shares of Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after purchasing an additional 6,072 shares during the last quarter. Chiron Investment Management LLC purchased a new stake in shares of Fiserv during the 3rd quarter worth $4,709,000. Cardano Risk Management B.V. purchased a new position in Fiserv in the fourth quarter valued at about $97,254,000. Finally, Maxwell Wealth Strategies Inc. grew its stake in Fiserv by 23.6% in the third quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider’s stock valued at $2,696,000 after purchasing an additional 2,869 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FI. TD Cowen lifted their price objective on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group upped their price target on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Robert W. Baird increased their price objective on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Tigress Financial boosted their target price on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods increased their price target on Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $224.00.

Fiserv Trading Up 1.2 %

FI 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. Fiserv, Inc. has a 52-week low of $136.93 and a 52-week high of $223.23. The company’s 50-day simple moving average is $209.45 and its 200-day simple moving average is $186.76. The firm has a market cap of $118.71 billion, a P/E ratio of 40.13, a PEG ratio of 1.32 and a beta of 0.94.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping 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 analyst estimates of $4.90 billion. During the same period in the previous year, the business earned $1.96 EPS. Fiserv’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Doyle Simons sold 40,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the transaction, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Heidi Miller sold 30,000 shares of the business’s 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 completion of the sale, 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. Over the last 90 days, insiders have sold 90,821 shares of company stock valued at $18,581,095. Insiders own 0.75% of the company’s stock.

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.