Baldwin Wealth Partners LLC MA Decreases Stock Position in Fiserv, Inc. (NYSE:FI)

Baldwin Wealth Partners LLC MA lessened its stake in Fiserv, Inc. (NYSE:FI) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 83,309 shares of the business services provider’s stock after selling 1,872 shares during the quarter. Fiserv comprises about 1.2% of Baldwin Wealth Partners LLC MA’s holdings, making the stock its 26th largest holding. Baldwin Wealth Partners LLC MA’s holdings in Fiserv were worth $17,113,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Soros Capital Management LLC increased its stake in Fiserv by 71.7% during the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after acquiring an additional 22,884 shares during the last quarter. Czech National Bank grew its stake in shares of Fiserv by 5.2% in the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after buying an additional 6,072 shares in the last quarter. Chiron Investment Management LLC acquired a new stake in shares of Fiserv in the third quarter valued at $4,709,000. Trust Co. of Vermont grew its stake in shares of Fiserv by 170.4% in the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock valued at $1,405,000 after buying an additional 4,310 shares in the last quarter. Finally, Cardano Risk Management B.V. acquired a new stake in shares of Fiserv in the fourth quarter valued at $97,254,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of a number of research reports. Royal Bank of Canada lifted their price objective on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods lifted their target price on Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Mizuho lifted their target price on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Stephens reiterated an “overweight” rating and issued a $255.00 target price on shares of Fiserv in a report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. lifted their target price on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Fiserv Price Performance

Shares of NYSE:FI opened at $208.58 on Monday. The firm has a 50 day moving average of $209.02 and a 200-day moving average of $189.35. The stock has a market capitalization of $118.66 billion, a PE ratio of 40.09, a PEG ratio of 1.37 and a beta of 0.94. 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, Inc. has a 12 month low of $137.13 and a 12 month high of $223.23.

Insiders Place Their Bets

In other news, CAO Kenneth Best sold 20,821 shares of the company’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 directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The transaction 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 company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the sale, the director now directly owns 33,235 shares in the company, 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 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.