Busey Bank Raises Stock Position in Fiserv, Inc. (NYSE:FI)

Busey Bank raised its position in Fiserv, Inc. (NYSE:FI) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,890 shares of the business services provider’s stock after acquiring an additional 2,949 shares during the period. Busey Bank’s holdings in Fiserv were worth $21,136,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in FI. Clean Yield Group increased its position in Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC increased its holdings in shares of Fiserv by 42.5% during 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 in the last quarter. Newbridge Financial Services Group Inc. raised its position in shares of Fiserv by 95.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 127 shares during the last quarter. Kennebec Savings Bank purchased a new stake in Fiserv during the 3rd quarter worth approximately $40,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Fiserv in the third quarter worth $44,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction 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 transaction, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.75% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FI shares. The Goldman Sachs Group upped their target price on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company increased their price target on shares of Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. BMO Capital Markets upped their price objective on shares of Fiserv from $222.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Royal Bank of Canada boosted their target price on shares of Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, TD Cowen increased their price target on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $224.00.

Fiserv Price Performance

Shares of Fiserv stock opened at $212.82 on Thursday. 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, Inc. has a 12 month low of $137.13 and a 12 month high of $223.23. The stock has a market capitalization of $121.08 billion, a P/E ratio of 40.93, a PEG ratio of 1.37 and a beta of 0.94. The business has a 50 day simple moving average of $208.96 and a two-hundred day simple moving average of $190.20.

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.