Lederer & Associates Investment Counsel CA Sells 1,188 Shares of Fiserv, Inc. (NYSE:FI)

Lederer & Associates Investment Counsel CA lessened its stake in Fiserv, Inc. (NYSE:FI) by 14.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,032 shares of the business services provider’s stock after selling 1,188 shares during the period. Lederer & Associates Investment Counsel CA’s holdings in Fiserv were worth $1,445,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC boosted its position in shares of Fiserv by 17.8% during the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Sanders Capital LLC bought a new stake in shares of Fiserv during the 3rd quarter valued at about $764,543,000. Barclays PLC boosted its holdings in Fiserv by 3.0% in the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after acquiring an additional 48,413 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Fiserv by 0.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock worth $236,739,000 after acquiring an additional 4,218 shares in the last quarter. Finally, National Pension Service boosted its holdings in Fiserv by 9.2% in the third quarter. National Pension Service now owns 1,112,168 shares of the business services provider’s stock worth $199,801,000 after acquiring an additional 93,508 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the firm’s 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 completion of the transaction, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of NYSE FI opened at $216.07 on Monday. The stock has a fifty day simple moving average of $208.72 and a two-hundred day simple moving average of $191.19. Fiserv, Inc. has a 1-year low of $137.13 and a 1-year high of $223.23. The firm has a market cap of $122.93 billion, a price-to-earnings ratio of 41.55, a price-to-earnings-growth ratio of 1.42 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.

Analyst Ratings Changes

Several brokerages have issued reports on FI. 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. The Goldman Sachs Group increased their price target on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Compass Point began coverage on Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target on the stock. Keefe, Bruyette & Woods increased their price target on Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, Oppenheimer increased their price target on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Three 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’s stock. According to data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus 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.