True North Advisors LLC Increases Holdings in Fiserv, Inc. (NYSE:FI)

True North Advisors LLC boosted its position in Fiserv, Inc. (NYSE:FI) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,634 shares of the business services provider’s stock after buying an additional 75 shares during the quarter. True North Advisors LLC’s holdings in Fiserv were worth $1,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of FI. Kimelman & Baird LLC bought a new position in Fiserv during the 2nd quarter worth approximately $60,000. Public Sector Pension Investment Board increased its stake in shares of Fiserv by 62.6% in the second quarter. Public Sector Pension Investment Board now owns 21,739 shares of the business services provider’s stock worth $3,240,000 after buying an additional 8,369 shares during the period. Evergreen Capital Management LLC raised its holdings in Fiserv by 2.5% during the 2nd quarter. Evergreen Capital Management LLC now owns 5,317 shares of the business services provider’s stock valued at $792,000 after buying an additional 129 shares during the last quarter. Insigneo Advisory Services LLC boosted its position in Fiserv by 14.8% during the 2nd quarter. Insigneo Advisory Services LLC now owns 3,263 shares of the business services provider’s stock valued at $505,000 after buying an additional 420 shares during the period. Finally, Fred Alger Management LLC increased its position in shares of Fiserv by 15,635.5% in the second quarter. Fred Alger Management LLC now owns 62,470 shares of the business services provider’s stock valued at $9,311,000 after acquiring an additional 62,073 shares during the period. 90.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FI has been the topic of several recent analyst reports. Morgan Stanley raised their target price on Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. KeyCorp raised 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. JPMorgan Chase & Co. boosted 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. Finally, BMO Capital Markets increased their target price on Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Three 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. Based on data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus price target of $224.00.

Insider Buying and Selling at Fiserv

In related news, Director Heidi Miller sold 30,000 shares of the business’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 transaction of $6,033,900.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Kenneth Best sold 20,821 shares of the firm’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 sale, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

Fiserv Stock Up 0.2 %

FI stock opened at $209.48 on Thursday. The company has a market cap of $119.18 billion, a price-to-earnings ratio of 40.28, a P/E/G ratio of 1.37 and a beta of 0.94. 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 business’s 50-day moving average is $209.23 and its two-hundred day moving average is $188.13. Fiserv, Inc. has a fifty-two week low of $137.13 and a fifty-two week high of $223.23.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.04. The firm had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.96 EPS. As a group, analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current year.

About Fiserv

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.