2,557 Shares in Fiserv, Inc. (NYSE:FI) Acquired by Jackson Wealth Management LLC

Jackson Wealth Management LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,557 shares of the business services provider’s stock, valued at approximately $525,000.

Several other large investors also recently modified their holdings of the stock. Catalina Capital Group LLC raised its position in shares of Fiserv by 2.3% during the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock worth $444,000 after purchasing an additional 48 shares during the period. Mount Yale Investment Advisors LLC grew its stake in Fiserv by 1.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock valued at $848,000 after purchasing an additional 50 shares during the period. Waypoint Capital Advisors LLC increased its position in shares of Fiserv by 1.7% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after purchasing an additional 51 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of Fiserv by 3.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock worth $360,000 after buying an additional 51 shares during the last quarter. Finally, Optas LLC grew its position in Fiserv by 1.7% during the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after buying an additional 54 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Fiserv from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. KeyCorp upped their price target on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Mizuho raised their price objective on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Susquehanna boosted their price objective on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, October 18th. Finally, The Goldman Sachs Group increased their target price 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. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $224.00.

Insider Buying and Selling at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following 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 trade represents a 34.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.75% of the company’s stock.

Fiserv Trading Down 1.1 %

NYSE:FI opened at $214.21 on Wednesday. The stock has a market cap of $121.87 billion, a price-to-earnings ratio of 41.19, a PEG ratio of 1.42 and a beta of 0.94. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The company’s 50 day moving average price is $208.61 and its 200-day moving average price is $191.84. Fiserv, Inc. has a 52 week low of $137.13 and a 52 week high of $223.23.

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.