Cascade Investment Group Inc. Has $705,000 Stock Position in Fiserv, Inc. (NYSE:FI)

Cascade Investment Group Inc. lessened its stake in Fiserv, Inc. (NYSE:FI) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,433 shares of the business services provider’s stock after selling 70 shares during the quarter. Cascade Investment Group Inc.’s holdings in Fiserv were worth $705,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Clean Yield Group lifted its stake in 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 last quarter. Cedar Mountain Advisors LLC raised its stake in Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares during the period. Kennebec Savings Bank acquired a new stake in shares of Fiserv in the third quarter valued at approximately $40,000. Friedenthal Financial bought a new position in shares of Fiserv during the 4th quarter worth approximately $49,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Fiserv during the 3rd quarter worth approximately $44,000. 90.98% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the transaction, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,821 shares of company stock valued at $18,581,095 in the last 90 days. Corporate insiders own 0.75% of the company’s stock.

Fiserv Trading Up 1.2 %

Shares of Fiserv stock opened at $208.67 on Monday. The firm’s 50 day moving average is $209.45 and its 200 day moving average is $187.03. The firm has a market capitalization of $118.71 billion, a PE ratio of 40.13, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. Fiserv, Inc. has a 1 year low of $136.93 and a 1 year high of $223.23. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85.

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

Wall Street Analyst Weigh In

FI has been the subject of a number of research analyst reports. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. BMO Capital Markets upped their price target 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. TD Cowen increased their price target on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Stephens restated an “overweight” rating and set a $255.00 price objective on shares of Fiserv in a report on Thursday, January 2nd. Finally, KeyCorp increased their target price on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $224.00.

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.