Park Avenue Securities LLC Boosts Stock Holdings in Fiserv, Inc. (NYSE:FI)

Park Avenue Securities LLC boosted its stake in Fiserv, Inc. (NYSE:FI) by 30.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,367 shares of the business services provider’s stock after purchasing an additional 4,745 shares during the quarter. Park Avenue Securities LLC’s holdings in Fiserv were worth $4,184,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Waypoint Capital Advisors LLC grew its holdings in shares of Fiserv by 1.7% in the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after purchasing an additional 51 shares in the last quarter. Optas LLC grew its stake in shares of Fiserv by 1.7% in the 3rd quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock worth $578,000 after buying an additional 54 shares in the last quarter. Cedar Mountain Advisors LLC grew its stake 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 buying an additional 57 shares in the last quarter. Covestor Ltd increased its holdings in shares of Fiserv by 7.6% in the 3rd quarter. Covestor Ltd now owns 832 shares of the business services provider’s stock worth $150,000 after buying an additional 59 shares during the last quarter. Finally, West Bancorporation Inc. raised its position in shares of Fiserv by 3.8% during the 3rd quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider’s stock valued at $296,000 after buying an additional 61 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

FI stock opened at $206.21 on Friday. Fiserv, Inc. has a 1-year low of $136.48 and a 1-year high of $223.23. The business has a 50-day moving average price of $209.55 and a 200 day moving average price of $186.20. The company has a market capitalization of $117.32 billion, a P/E ratio of 39.66, a PEG ratio of 1.32 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last posted its quarterly earnings results 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 net margin of 15.22% and a return on equity of 17.10%. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the business posted $1.96 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on FI. Mizuho boosted their price objective on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Stephens restated an “overweight” rating and issued a $255.00 price target on shares of Fiserv in a research report on Thursday, January 2nd. KeyCorp boosted their price objective on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Susquehanna raised their target price on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $224.00.

Insider Buying and Selling

In other Fiserv news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the transaction, the director now owns 76,180 shares in the company, valued at $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders sold 90,821 shares of company stock valued at $18,581,095 over the last 90 days. Corporate insiders own 0.75% of the company’s stock.

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.