Scharf Investments LLC Sells 85,145 Shares of Fiserv, Inc. (NYSE:FI)

Scharf Investments LLC lowered its stake in shares of Fiserv, Inc. (NYSE:FI) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,244,900 shares of the business services provider’s stock after selling 85,145 shares during the quarter. Fiserv comprises about 7.6% of Scharf Investments LLC’s holdings, making the stock its largest position. Scharf Investments LLC owned 0.22% of Fiserv worth $255,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of FI. Sanctuary Advisors LLC acquired a new position in Fiserv during the 2nd quarter worth approximately $9,083,000. Newbridge Financial Services Group Inc. boosted its stake in shares of 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 purchasing an additional 127 shares during the period. Centaurus Financial Inc. grew its holdings in Fiserv by 19.4% during the 2nd quarter. Centaurus Financial Inc. now owns 1,931 shares of the business services provider’s stock valued at $288,000 after purchasing an additional 314 shares in the last quarter. Czech National Bank increased its stake in Fiserv by 5.2% during the 3rd quarter. Czech National Bank now owns 117,281 shares of the business services provider’s stock worth $21,070,000 after buying an additional 5,784 shares during the period. Finally, Unique Wealth LLC grew its stake in Fiserv by 18.6% during the 3rd quarter. Unique Wealth LLC now owns 11,715 shares of the business services provider’s stock valued at $2,105,000 after purchasing an additional 1,840 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Up 0.1 %

Shares of Fiserv stock opened at $216.07 on Friday. The firm’s 50 day moving average is $208.83 and its 200 day moving average is $190.54. The firm has a market capitalization of $122.93 billion, a PE ratio of 41.55, a price-to-earnings-growth ratio of 1.39 and a beta of 0.94. Fiserv, Inc. has a 1 year low of $137.13 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.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FI. Stephens restated an “overweight” rating and set a $255.00 price objective on shares of Fiserv in a research note on Thursday, January 2nd. Citigroup upped their target price on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Jefferies Financial Group raised their price target on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. 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 research report on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. lifted their price target on Fiserv from $199.00 to $227.00 and gave the company 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 has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

Insider Activity

In other 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 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 approximately $8,320,644.31. This trade represents a 34.94 % decrease in their position. 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 insiders.

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.