Fiserv, Inc. (NYSE:FI) Shares Purchased by Abacus Wealth Partners LLC

Abacus Wealth Partners LLC raised its stake in shares of Fiserv, Inc. (NYSE:FI) by 12.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,329 shares of the business services provider’s stock after buying an additional 146 shares during the quarter. Abacus Wealth Partners LLC’s holdings in Fiserv were worth $273,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Soros Capital Management LLC lifted its stake in shares of Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after purchasing an additional 22,884 shares during the period. Czech National Bank boosted its position in Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after purchasing an additional 6,072 shares during the period. Chiron Investment Management LLC acquired a new position in Fiserv during the 3rd quarter worth approximately $4,709,000. Cardano Risk Management B.V. purchased a new position in Fiserv in the fourth quarter valued at about $97,254,000. Finally, Maxwell Wealth Strategies Inc. boosted its stake in Fiserv by 23.6% during the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider’s stock valued at $2,696,000 after acquiring an additional 2,869 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other Fiserv news, Director Doyle Simons sold 40,000 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the sale, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. This represents a 34.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction dated 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 transaction, the chief accounting officer now directly 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,821 shares of company stock valued at $18,581,095. Corporate insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of NYSE:FI opened at $208.67 on Tuesday. The firm has a market cap of $118.71 billion, a price-to-earnings ratio of 40.13, a P/E/G ratio of 1.32 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. Fiserv, Inc. has a 1 year low of $136.93 and a 1 year high of $223.23. The business has a fifty day simple moving average of $209.45 and a 200 day simple moving average of $187.30.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.04. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Fiserv’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.96 EPS. As a group, sell-side analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays lifted their price objective on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Stephens reiterated an “overweight” rating and set a $255.00 price objective on shares of Fiserv in a research report on Thursday, January 2nd. Tigress Financial raised their target price on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Citigroup boosted their price objective on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, UBS Group boosted their target price on shares of Fiserv from $185.00 to $240.00 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 assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and an average 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.