Deroy & Devereaux Private Investment Counsel Inc. Purchases 1,178 Shares of Fiserv, Inc. (NYSE:FI)

Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 0.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 224,182 shares of the business services provider’s stock after acquiring an additional 1,178 shares during the quarter. Fiserv makes up approximately 2.6% of Deroy & Devereaux Private Investment Counsel Inc.’s holdings, making the stock its biggest position. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Fiserv were worth $46,051,000 at the end of the most recent quarter.

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

Fiserv Stock Up 0.1 %

FI stock opened at $216.07 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv, Inc. has a 1-year low of $137.13 and a 1-year high of $223.23. The stock has a market capitalization of $122.93 billion, a P/E ratio of 41.55, a P/E/G ratio of 1.39 and a beta of 0.94. The business has a fifty day moving average price of $208.72 and a 200-day moving average price of $190.96.

Insider Buying and Selling at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of Fiserv 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 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. TD Cowen raised their price objective on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Stephens reaffirmed an “overweight” rating and set a $255.00 price target on shares of Fiserv in a report on Thursday, January 2nd. Tigress Financial boosted their price objective on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Mizuho upped their price objective on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company lifted their target price on Fiserv from $220.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus 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.