Kingswood Wealth Advisors LLC Buys 3,179 Shares of Fiserv, Inc. (NYSE:FI)

Kingswood Wealth Advisors LLC lifted its stake in shares of Fiserv, Inc. (NYSE:FI) by 125.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,713 shares of the business services provider’s stock after purchasing an additional 3,179 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Fiserv were worth $1,174,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC boosted its position in shares of Fiserv by 17.8% during the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Sanders Capital LLC bought a new position in shares of Fiserv during the 3rd quarter worth about $764,543,000. Barclays PLC boosted its position in shares of Fiserv by 3.0% during the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after purchasing an additional 48,413 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Fiserv by 0.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock worth $236,739,000 after acquiring an additional 4,218 shares during the last quarter. Finally, National Pension Service raised its holdings in shares of Fiserv by 9.2% in the 3rd quarter. National Pension Service now owns 1,112,168 shares of the business services provider’s stock worth $199,801,000 after acquiring an additional 93,508 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Down 0.6 %

FI opened at $211.90 on Wednesday. The company has a 50 day moving average of $209.03 and a 200 day moving average of $189.79. The company has a market cap of $120.55 billion, a PE ratio of 40.75, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94. Fiserv, Inc. has a 12 month low of $137.13 and a 12 month high of $223.23. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85.

Insider Buying and Selling at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction on 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 $8,320,644.31. This trade represents a 34.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FI. Mizuho upped their target price on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Barclays upped their target price on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Citigroup upped their target price on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Susquehanna upped 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. Finally, The Goldman Sachs Group upped their target price on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Three 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, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $224.00.

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.