SteelPeak Wealth LLC Takes $2.90 Million Position in Fiserv, Inc. (NYSE:FI)

SteelPeak Wealth LLC bought a new position in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, HoldingsChannel reports. The firm bought 14,103 shares of the business services provider’s stock, valued at approximately $2,897,000.

Several other hedge funds have also recently bought and sold shares of FI. Sanders Capital LLC acquired a new position in Fiserv during the third quarter worth $764,543,000. FMR LLC increased its stake in Fiserv by 17.8% in 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 buying an additional 1,427,664 shares during the last quarter. Maj Invest Holding A S bought a new stake in Fiserv during the 3rd quarter worth about $172,993,000. Kovitz Investment Group Partners LLC boosted its stake 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 buying an additional 561,377 shares during the last quarter. Finally, Mizuho Securities USA LLC grew its holdings in shares of 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 valued at $108,488,000 after acquiring an additional 558,774 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Down 0.6 %

FI stock opened at $211.90 on Wednesday. Fiserv, Inc. has a 52 week low of $137.13 and a 52 week high of $223.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The company’s 50-day simple moving average is $209.03 and its 200 day simple moving average is $189.79. The company has a market capitalization of $120.55 billion, a PE ratio of 40.75, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FI shares. Compass Point initiated coverage on Fiserv in a report on Wednesday, November 20th. They set a “buy” rating and a $278.00 target price on the stock. Barclays upped their price objective on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. TD Cowen raised their target price on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group increased their price target on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Three equities research 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, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $224.00.

Insiders Place Their Bets

In related 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 transaction, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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.