Fiserv, Inc. (NYSE:FI) is Thomas Story & Son LLC’s 10th Largest Position

Thomas Story & Son LLC trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,970 shares of the business services provider’s stock after selling 830 shares during the period. Fiserv accounts for about 4.0% of Thomas Story & Son LLC’s holdings, making the stock its 10th largest holding. Thomas Story & Son LLC’s holdings in Fiserv were worth $9,443,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of FI. Valley National Advisers Inc. purchased a new stake in Fiserv in the 4th quarter valued at $29,000. Compass Financial Services Inc purchased a new position in shares of Fiserv during the 4th quarter worth approximately $31,000. Cedar Mountain Advisors LLC raised its stake in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares in the last quarter. Kennebec Savings Bank purchased a new position in shares of Fiserv during the 3rd quarter worth approximately $40,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Fiserv during the 3rd quarter worth approximately $44,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on FI shares. Royal Bank of Canada increased their target price on shares of Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. raised their target price on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Oppenheimer upped their target price on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Tigress Financial boosted their price objective on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Finally, Jefferies Financial Group upped their price objective on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Two 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 company’s stock. Based on data from MarketBeat.com, Fiserv has a consensus rating of “Buy” and a consensus price target of $235.91.

Insider Buying and Selling at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.75% of the company’s stock.

Fiserv Trading Down 0.5 %

NYSE:FI opened at $230.18 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 1-year low of $142.14 and a 1-year high of $233.26. The firm has a market capitalization of $130.95 billion, a price-to-earnings ratio of 42.71, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The stock has a fifty day simple moving average of $209.01 and a 200 day simple moving average of $193.52.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Sell-side analysts forecast that Fiserv, Inc. will post 10.22 earnings per share 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.