Fiserv, Inc. (NYSE:FI) Shares Sold by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC lowered its holdings in Fiserv, Inc. (NYSE:FI) by 5.4% during the fourth quarter, Holdings Channel reports. The fund owned 84,412 shares of the business services provider’s stock after selling 4,820 shares during the quarter. Fiserv makes up 3.6% of Hunter Perkins Capital Management LLC’s holdings, making the stock its 5th largest holding. Hunter Perkins Capital Management LLC’s holdings in Fiserv were worth $17,340,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the firm’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 transaction, the director now owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on FI. Mizuho lifted their price target on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. KeyCorp boosted their price target on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Barclays increased their price objective on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group boosted their target price on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $224.00.

Fiserv Stock Up 1.2 %

NYSE:FI opened at $208.90 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $118.85 billion, a price-to-earnings ratio of 40.17, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94. The stock’s fifty day moving average is $209.02 and its two-hundred day moving average is $189.35. Fiserv, Inc. has a 52 week low of $137.13 and a 52 week high of $223.23.

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.