Cardano Risk Management B.V. Purchases New Stake in Fiserv, Inc. (NYSE:FI)

Cardano Risk Management B.V. purchased a new stake in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 473,442 shares of the business services provider’s stock, valued at approximately $97,254,000. Fiserv accounts for 1.5% of Cardano Risk Management B.V.’s portfolio, making the stock its 21st largest position. Cardano Risk Management B.V. owned 0.08% of Fiserv as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Clean Yield Group raised its stake in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 138 shares during the period. Cedar Mountain Advisors LLC raised its stake in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the period. Kennebec Savings Bank bought a new stake in Fiserv in the 3rd quarter valued at $40,000. Northwest Investment Counselors LLC bought a new stake in Fiserv in the 3rd quarter valued at $44,000. Finally, Wolff Wiese Magana LLC grew its holdings in Fiserv by 904.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 251 shares of the business services provider’s stock valued at $45,000 after buying an additional 226 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 0.1 %

Fiserv stock traded up $0.15 during trading hours on Monday, hitting $200.66. The stock had a trading volume of 525,294 shares, compared to its average volume of 2,026,235. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a market cap of $114.16 billion, a price-to-earnings ratio of 38.59, a P/E/G ratio of 1.56 and a beta of 0.94. Fiserv, Inc. has a one year low of $135.97 and a one year high of $223.23. The business’s 50 day simple moving average is $209.64 and its 200-day simple moving average is $185.31.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the company earned $1.96 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, equities analysts predict that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Insider Transactions at Fiserv

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the sale, the director now owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This trade represents a 47.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. Insiders sold 90,821 shares of company stock worth $18,581,095 over the last ninety days. 0.75% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FI. KeyCorp upped their price objective on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Morgan Stanley upped their price objective on Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Keefe, Bruyette & Woods upped their price objective on Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a report on Monday, December 9th. BMO Capital Markets upped their price objective on Fiserv from $222.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. upped their price objective on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $222.88.

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.