Stableford Capital II LLC Makes New Investment in Fiserv, Inc. (NYSE:FI)

Stableford Capital II LLC purchased a new stake in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,036 shares of the business services provider’s stock, valued at approximately $829,000.

A number of other institutional investors also recently modified their holdings of the company. Western Financial Corp CA bought a new position in Fiserv in the 4th quarter worth $648,000. China Universal Asset Management Co. Ltd. grew its position in shares of Fiserv by 104.5% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 20,450 shares of the business services provider’s stock valued at $4,201,000 after purchasing an additional 10,450 shares during the last quarter. Waldron Private Wealth LLC grew its position in shares of Fiserv by 2.3% in the fourth quarter. Waldron Private Wealth LLC now owns 4,945 shares of the business services provider’s stock valued at $1,016,000 after purchasing an additional 110 shares during the last quarter. Everett Harris & Co. CA bought a new position in shares of Fiserv in the fourth quarter worth about $212,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Fiserv during the 4th quarter worth about $568,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

FI stock opened at $216.07 on Friday. The company has a 50 day moving average price of $208.72 and a 200 day moving average price of $190.96. Fiserv, Inc. has a fifty-two week low of $137.13 and a fifty-two week 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 capitalization of $122.93 billion, a PE ratio of 41.55, a price-to-earnings-growth ratio of 1.39 and a beta of 0.94.

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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Jefferies Financial Group raised their target price on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group raised their price objective on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Morgan Stanley upped their target price on shares of Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Compass Point assumed coverage on shares of Fiserv in a research report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target on the stock. Finally, Citigroup upped their price objective on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Three research 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.