Sandy Cove Advisors LLC Has $1.01 Million Stake in Fiserv, Inc. (NYSE:FI)

Sandy Cove Advisors LLC grew its holdings in Fiserv, Inc. (NYSE:FI) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,934 shares of the business services provider’s stock after buying an additional 74 shares during the quarter. Sandy Cove Advisors LLC’s holdings in Fiserv were worth $1,014,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in FI. Clean Yield Group raised its stake in shares of Fiserv by 431.3% in the 3rd 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 during the period. Cedar Mountain Advisors LLC boosted its stake 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 purchasing an additional 57 shares in the last quarter. Newbridge Financial Services Group Inc. increased its position in Fiserv by 95.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 127 shares during the period. Kennebec Savings Bank bought a new position in shares of Fiserv in the 3rd quarter worth about $40,000. Finally, Northwest Investment Counselors LLC acquired a new position in Fiserv during the 3rd quarter worth approximately $44,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Up 1.2 %

NYSE:FI opened at $208.67 on Friday. Fiserv, Inc. has a 52 week low of $136.93 and a 52 week high of $223.23. The stock’s fifty day moving average is $209.45 and its two-hundred day moving average is $186.76. The stock has a market capitalization of $118.71 billion, a price-to-earnings ratio of 40.13, a price-to-earnings-growth ratio of 1.32 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.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The company had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. Fiserv’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the business posted $1.96 EPS. Research analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. 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 research note on Wednesday, October 23rd. Barclays increased their target price on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Tigress Financial upped 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. Wells Fargo & Company lifted 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. Finally, Stephens restated an “overweight” rating and issued a $255.00 price target on shares of Fiserv in a research note on Thursday, January 2nd. Three investment 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $224.00.

Insider Activity at Fiserv

In other news, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the transaction, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the 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 in the company, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,821 shares of company stock worth $18,581,095. Corporate insiders own 0.75% of the company’s stock.

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.