Soltis Investment Advisors LLC Acquires 18,651 Shares of Fiserv, Inc. (NYSE:FI)

Soltis Investment Advisors LLC grew its holdings in Fiserv, Inc. (NYSE:FI) by 843.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,861 shares of the business services provider’s stock after acquiring an additional 18,651 shares during the period. Soltis Investment Advisors LLC’s holdings in Fiserv were worth $4,285,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Sanders Capital LLC acquired a new position in shares of Fiserv during the 3rd quarter valued at about $764,543,000. FMR LLC increased its stake in shares of Fiserv by 17.8% in 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 during the period. Kovitz Investment Group Partners LLC lifted its position in shares of Fiserv by 788.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after purchasing an additional 561,377 shares during the last quarter. Mizuho Securities USA LLC boosted its stake in Fiserv by 1,238.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after purchasing an additional 558,774 shares during the period. Finally, Cardano Risk Management B.V. acquired a new stake in Fiserv in the 4th quarter valued at approximately $97,254,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FI shares. KeyCorp increased their price objective on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday. Jefferies Financial Group raised their price target on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their target price on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group raised their price objective on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Susquehanna upped their target price on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $235.91.

Insider Activity at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction 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. The trade was a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Stock Down 0.5 %

Shares of NYSE:FI opened at $230.18 on Monday. The company has a 50 day moving average of $209.01 and a 200-day moving average of $193.52. Fiserv, Inc. has a one year low of $142.14 and a one year high of $233.26. The stock has a market cap of $130.95 billion, a price-to-earnings ratio of 42.71, a P/E/G ratio of 1.52 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. On average, sell-side analysts forecast that Fiserv, Inc. will post 10.22 earnings per share for the current year.

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.