Fiserv, Inc. (NYSE:FI) is Hunter Associates Investment Management LLC’s 6th Largest Position

Hunter Associates Investment Management LLC trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 85,269 shares of the business services provider’s stock after selling 381 shares during the quarter. Fiserv accounts for about 2.7% of Hunter Associates Investment Management LLC’s investment portfolio, making the stock its 6th biggest position. Hunter Associates Investment Management LLC’s holdings in Fiserv were worth $17,510,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FI. Clean Yield Group increased its holdings in Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC increased its stake in shares of Fiserv by 42.5% in the third 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 during the last quarter. Newbridge Financial Services Group Inc. raised its holdings in Fiserv by 95.5% in the second 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 in the last quarter. Kennebec Savings Bank bought a new position in Fiserv during the 3rd quarter valued at $40,000. Finally, Northwest Investment Counselors LLC acquired a new position in Fiserv during the 3rd quarter worth $44,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insiders Place Their Bets

In other Fiserv news, 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 value of $4,468,394.81. Following the completion of the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.75% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

FI has been the topic of a number of recent analyst reports. BMO Capital Markets upped their target price on shares of Fiserv from $222.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. The Goldman Sachs Group increased their target price on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Tigress Financial boosted their price target on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods upped their price target on Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, KeyCorp lifted their price objective on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned 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.

Fiserv Trading Up 1.6 %

Shares of NYSE:FI opened at $215.91 on Friday. The company has a 50 day moving average of $208.86 and a 200-day moving average of $190.36. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a market cap of $122.84 billion, a P/E ratio of 41.52, a P/E/G ratio of 1.39 and a beta of 0.94. Fiserv, Inc. has a twelve month low of $137.13 and a twelve month high of $223.23.

Fiserv Company 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.