Nisa Investment Advisors LLC Buys 4,153 Shares of Fiserv, Inc. (NYSE:FI)

Nisa Investment Advisors LLC grew its stake in Fiserv, Inc. (NYSE:FIFree Report) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 272,741 shares of the business services provider’s stock after buying an additional 4,153 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Fiserv were worth $56,026,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Clean Yield Group raised its stake in Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares during the period. Cedar Mountain Advisors LLC increased its stake 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 worth $34,000 after purchasing an additional 57 shares in the last quarter. Kennebec Savings Bank bought a new stake in shares of Fiserv during the 3rd quarter valued at $40,000. Friedenthal Financial purchased a new position in shares of Fiserv during the 4th quarter valued at $49,000. Finally, Northwest Investment Counselors LLC bought a new position in Fiserv in the 3rd quarter worth $44,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Trading Up 0.1 %

FI opened at $208.85 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The stock’s 50 day moving average price is $209.33 and its 200-day moving average price is $187.72. Fiserv, Inc. has a one year low of $137.13 and a one year high of $223.23. The stock has a market cap of $118.82 billion, a price-to-earnings ratio of 40.16, a P/E/G ratio of 1.37 and a beta of 0.94.

Fiserv (NYSE:FIGet Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the prior year, the company posted $1.96 EPS. Fiserv’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Transactions at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Heidi Miller sold 30,000 shares of Fiserv 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 sale, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $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. Company insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

FI has been the topic of several research analyst reports. Barclays boosted their price objective on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Tigress Financial upped their price target on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lifted their price objective on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Susquehanna upped their target price on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, October 18th. Finally, Citigroup raised their target price on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Three 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $224.00.

Get Our Latest Stock Analysis on FI

Fiserv Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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