Fiserv, Inc. (NYSE:FI) Shares Sold by North Point Portfolio Managers Corp OH

North Point Portfolio Managers Corp OH reduced its stake in shares of Fiserv, Inc. (NYSE:FI) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 124,785 shares of the business services provider’s stock after selling 8,374 shares during the quarter. Fiserv accounts for approximately 4.5% of North Point Portfolio Managers Corp OH’s portfolio, making the stock its 3rd largest holding. North Point Portfolio Managers Corp OH’s holdings in Fiserv were worth $25,633,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Kimelman & Baird LLC purchased a new stake in shares of Fiserv in the second quarter valued at about $60,000. APG Asset Management N.V. raised its position in shares of Fiserv by 42.1% during the 2nd quarter. APG Asset Management N.V. now owns 163,793 shares of the business services provider’s stock worth $22,777,000 after purchasing an additional 48,500 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Fiserv during the 2nd quarter valued at $2,206,000. Driehaus Capital Management LLC purchased a new position in Fiserv during the second quarter worth $237,000. Finally, SkyView Investment Advisors LLC raised its holdings in shares of Fiserv by 12.5% in the second quarter. SkyView Investment Advisors LLC now owns 5,052 shares of the business services provider’s stock worth $753,000 after acquiring an additional 561 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FI shares. Royal Bank of Canada increased their price objective on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. UBS Group lifted their price target on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Tigress Financial boosted their price objective on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Susquehanna lifted their target price on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, October 18th. Finally, KeyCorp increased their price target on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

Insider Transactions at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was 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 represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was 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. This trade 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.

Fiserv Stock Up 1.2 %

NYSE:FI opened at $208.90 on Monday. 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 company 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. Fiserv, Inc. has a one year low of $137.13 and a one year high of $223.23. The stock has a 50-day simple moving average of $209.02 and a 200 day simple moving average of $189.35.

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.