Fiserv, Inc. (NYSE:FI) is North Point Portfolio Managers Corp OH’s 3rd Largest Position

North Point Portfolio Managers Corp OH cut its stake in Fiserv, Inc. (NYSE:FI) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 124,785 shares of the business services provider’s stock after selling 8,374 shares during the quarter. Fiserv comprises approximately 4.5% of North Point Portfolio Managers Corp OH’s investment portfolio, making the stock its 3rd biggest position. North Point Portfolio Managers Corp OH’s holdings in Fiserv were worth $25,633,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Soros Capital Management LLC increased its position in shares of Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after purchasing an additional 22,884 shares during the last quarter. Czech National Bank grew its position in Fiserv by 5.2% in the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after acquiring an additional 6,072 shares in the last quarter. Chiron Investment Management LLC acquired a new stake in shares of Fiserv during the third quarter worth about $4,709,000. Trust Co. of Vermont grew its holdings in shares of Fiserv by 170.4% in the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock valued at $1,405,000 after purchasing an additional 4,310 shares in the last quarter. Finally, Cardano Risk Management B.V. purchased a new stake in Fiserv during the 4th quarter worth approximately $97,254,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 1.2 %

Shares of NYSE:FI opened at $208.90 on Monday. Fiserv, Inc. has a 1-year low of $137.13 and a 1-year high of $223.23. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $118.85 billion, a P/E ratio of 40.17, a P/E/G ratio of 1.37 and a beta of 0.94. The firm has a fifty day moving average price of $209.02 and a 200 day moving average price of $189.35.

Analyst Ratings Changes

Several research analysts recently commented on the company. Compass Point started coverage on Fiserv in a research note on Wednesday, November 20th. They set a “buy” rating and a $278.00 target price for the company. Morgan Stanley upped their target price on shares of Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group raised their target price on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Tigress Financial boosted their price target on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, Barclays raised 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. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $224.00.

Insider Activity

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were 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 in the company, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction 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. The trade was a 47.44 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

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.