Birch Hill Investment Advisors LLC Has $117.32 Million Stake in Fiserv, Inc. (NYSE:FI)

Birch Hill Investment Advisors LLC reduced its position in shares of Fiserv, Inc. (NYSE:FI) by 5.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 571,141 shares of the business services provider’s stock after selling 35,686 shares during the quarter. Fiserv comprises about 5.4% of Birch Hill Investment Advisors LLC’s portfolio, making the stock its 3rd biggest position. Birch Hill Investment Advisors LLC owned 0.10% of Fiserv worth $117,324,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Entropy Technologies LP purchased a new position in Fiserv during the fourth quarter valued at approximately $1,690,000. Empowered Funds LLC increased its holdings in shares of Fiserv by 12.5% in the 4th quarter. Empowered Funds LLC now owns 10,492 shares of the business services provider’s stock valued at $2,155,000 after acquiring an additional 1,164 shares during the period. Wilmington Savings Fund Society FSB raised its position in shares of Fiserv by 7.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 18,529 shares of the business services provider’s stock worth $3,806,000 after acquiring an additional 1,215 shares in the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of Fiserv by 3.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 6,244 shares of the business services provider’s stock worth $1,283,000 after purchasing an additional 209 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its position in Fiserv by 4.1% during the fourth quarter. Apollon Wealth Management LLC now owns 19,575 shares of the business services provider’s stock valued at $4,021,000 after purchasing an additional 769 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on FI shares. Citigroup boosted their price objective on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Compass Point began coverage on Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price target on the stock. Jefferies Financial Group raised their price objective on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. TD Cowen increased their price target on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley boosted their price target on Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research note on Thursday. Two 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 stock. Based on data from MarketBeat, Fiserv presently has an average rating of “Buy” and an average target price of $235.91.

Insider Buying and Selling

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction dated 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 approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Price Performance

FI stock opened at $230.18 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $130.95 billion, a P/E ratio of 42.71, a PEG ratio of 1.52 and a beta of 0.94. The business has a 50 day simple moving average of $209.01 and a 200-day simple moving average of $193.27. Fiserv, Inc. has a twelve month low of $142.14 and a twelve month high of $233.26.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, equities analysts anticipate that Fiserv, Inc. will post 10.22 EPS for the current year.

About Fiserv

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.