Fiserv, Inc. (NYSE:FI) Position Reduced by abrdn plc

abrdn plc lowered its stake in Fiserv, Inc. (NYSE:FI) by 9.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 436,067 shares of the business services provider’s stock after selling 46,705 shares during the period. abrdn plc owned 0.08% of Fiserv worth $89,634,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Valley National Advisers Inc. bought a new position in Fiserv during the 4th quarter worth approximately $29,000. Clean Yield Group lifted its stake in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC boosted its holdings in Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the period. Kennebec Savings Bank bought a new stake in Fiserv during the third quarter valued at $40,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Fiserv during the third quarter worth $44,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on FI shares. Stephens reaffirmed an “overweight” rating and set a $255.00 price objective on shares of Fiserv in a research report on Thursday, January 2nd. Oppenheimer increased their price target on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Compass Point began coverage on Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective for the company. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, The Goldman Sachs Group boosted their price target on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Three equities 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $224.00.

Fiserv Stock Performance

Shares of FI opened at $214.21 on Wednesday. The company has a 50-day moving average of $208.61 and a two-hundred day moving average of $191.84. The stock has a market cap of $121.87 billion, a price-to-earnings ratio of 41.19, a PEG ratio of 1.42 and a beta of 0.94. 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 one year low of $137.13 and a one year high of $223.23.

Insider Buying and Selling

In other news, CAO Kenneth Best sold 20,821 shares of the company’s 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 transaction, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company 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.