Peddock Capital Advisors LLC Sells 397 Shares of Fiserv, Inc. (NYSE:FI)

Peddock Capital Advisors LLC decreased its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 22,140 shares of the business services provider’s stock after selling 397 shares during the period. Fiserv accounts for about 1.1% of Peddock Capital Advisors LLC’s portfolio, making the stock its 19th largest holding. Peddock Capital Advisors LLC’s holdings in Fiserv were worth $4,548,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Clean Yield Group raised its stake in Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC raised its position in shares of Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in shares of Fiserv by 95.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after acquiring an additional 127 shares during the period. Kennebec Savings Bank acquired a new stake in shares of Fiserv during the 3rd quarter worth approximately $40,000. Finally, Northwest Investment Counselors LLC acquired a new position in Fiserv during the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

FI has been the topic of a number of recent analyst reports. Tigress Financial lifted their target price on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Robert W. Baird lifted their target price on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Barclays upped their price target on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Compass Point started coverage on Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target for the company. Finally, Susquehanna increased their price target on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, October 18th. Three research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $222.88.

Insider Activity

In other Fiserv news, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the transaction, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Heidi Miller sold 30,000 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the transaction, the director now owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 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 Trading Up 0.6 %

Shares of NYSE:FI traded up $1.12 during midday trading on Monday, hitting $201.63. 1,917,855 shares of the stock traded hands, compared to its average volume of 2,234,360. 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 stock has a market capitalization of $114.71 billion, a PE ratio of 38.78, a P/E/G ratio of 1.56 and a beta of 0.94. Fiserv, Inc. has a one year low of $135.97 and a one year high of $223.23. The business’s 50 day moving average is $209.64 and its two-hundred day moving average is $185.31.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the company earned $1.96 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, research analysts forecast that Fiserv, Inc. will post 8.77 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.