Fiserv, Inc. (NYSE:FI) Shares Sold by Y.D. More Investments Ltd

Y.D. More Investments Ltd lowered its position in Fiserv, Inc. (NYSE:FI) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,076 shares of the business services provider’s stock after selling 62 shares during the period. Y.D. More Investments Ltd’s holdings in Fiserv were worth $426,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Sanders Capital LLC purchased a new stake in Fiserv in the 3rd quarter worth $764,543,000. FMR LLC increased its stake in shares of Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Maj Invest Holding A S acquired a new position in shares of Fiserv during the 3rd quarter worth about $172,993,000. Kovitz Investment Group Partners LLC lifted its stake in Fiserv by 788.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock valued at $109,700,000 after buying an additional 561,377 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its holdings in Fiserv by 1,238.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock worth $108,488,000 after buying an additional 558,774 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

Shares of NYSE FI opened at $228.83 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $130.19 billion, a price-to-earnings ratio of 44.01, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94. The stock’s 50-day moving average is $208.45 and its two-hundred day moving average is $192.25. Fiserv, Inc. has a 1-year low of $137.13 and a 1-year high of $231.61.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FI has been the topic of several research reports. Compass Point began coverage on Fiserv in a research report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price on the stock. Mizuho raised their price objective on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods upped their target price on shares of Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Tigress Financial raised their price target on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Finally, KeyCorp upped their price objective on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Insider Buying and Selling

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the 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 transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.75% of the company’s stock.

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.