Adero Partners LLC Has $500,000 Holdings in Fiserv, Inc. (NYSE:FI)

Adero Partners LLC boosted its position in Fiserv, Inc. (NYSE:FI) by 2.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,435 shares of the business services provider’s stock after purchasing an additional 65 shares during the period. Adero Partners LLC’s holdings in Fiserv were worth $500,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Czech National Bank grew its stake in Fiserv by 5.2% during the third quarter. Czech National Bank now owns 117,281 shares of the business services provider’s stock worth $21,070,000 after purchasing an additional 5,784 shares during the period. Dynamic Advisor Solutions LLC boosted its holdings in shares of Fiserv by 4.4% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 9,247 shares of the business services provider’s stock worth $1,661,000 after buying an additional 393 shares in the last quarter. Clean Yield Group grew its position in shares of Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares during the period. Atomi Financial Group Inc. increased its stake in shares of Fiserv by 18.2% in the 3rd quarter. Atomi Financial Group Inc. now owns 4,894 shares of the business services provider’s stock valued at $879,000 after acquiring an additional 753 shares in the last quarter. Finally, Country Trust Bank lifted its position in shares of Fiserv by 4.3% during the 3rd quarter. Country Trust Bank now owns 298,179 shares of the business services provider’s stock valued at $53,568,000 after acquiring an additional 12,241 shares during the period. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the company’s 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 of the company’s stock, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FI. UBS Group raised their price target on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Barclays boosted their target price on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Jefferies Financial Group increased their price target on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. KeyCorp boosted their price objective on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, TD Cowen increased their target price on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Three equities 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

Fiserv Stock Performance

Shares of Fiserv stock opened at $228.83 on Thursday. The firm has a market capitalization of $130.19 billion, a P/E ratio of 44.01, a price-to-earnings-growth ratio of 1.42 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. The business’s fifty day simple moving average is $208.45 and its 200 day simple moving average is $192.25. Fiserv, Inc. has a 12 month low of $137.13 and a 12 month high of $231.61.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. As a group, analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current year.

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.