BDF Gestion Sells 1,613 Shares of Fiserv, Inc. (NYSE:FI)

BDF Gestion decreased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,387 shares of the business services provider’s stock after selling 1,613 shares during the period. BDF Gestion’s holdings in Fiserv were worth $3,777,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clean Yield Group raised its stake in shares of Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC raised its stake in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the last quarter. Kennebec Savings Bank bought a new position in shares of Fiserv in the third quarter valued at approximately $40,000. Friedenthal Financial bought a new position in shares of Fiserv in the fourth quarter valued at approximately $49,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Fiserv in the third quarter valued at approximately $44,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NYSE FI opened at $212.82 on Thursday. The firm has a market cap of $121.08 billion, a PE ratio of 40.93, a PEG ratio of 1.37 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 1-year low of $137.13 and a 1-year high of $223.23. The company has a fifty day moving average price of $208.96 and a 200 day moving average price of $190.20.

Insider Buying and Selling

In related 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 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 approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FI. TD Cowen lifted their target price on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company boosted their price objective on shares of Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Keefe, Bruyette & Woods boosted their price objective on shares of Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. KeyCorp boosted their price objective on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada boosted their price objective on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $224.00.

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.