Fiserv, Inc. (NYSE:FI) Shares Bought by Shepherd Financial Partners LLC

Shepherd Financial Partners LLC lifted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 2.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,749 shares of the business services provider’s stock after purchasing an additional 127 shares during the quarter. Shepherd Financial Partners LLC’s holdings in Fiserv were worth $1,181,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in FI. Valley National Advisers Inc. acquired a new stake in Fiserv in the fourth quarter valued at approximately $29,000. Cedar Mountain Advisors LLC raised its holdings in shares of 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 purchasing an additional 57 shares in the last quarter. Kennebec Savings Bank purchased a new stake in shares of Fiserv during the 3rd quarter worth $40,000. Friedenthal Financial acquired a new position in shares of Fiserv during the fourth quarter worth $49,000. Finally, Northwest Investment Counselors LLC purchased a new position in Fiserv in the third quarter valued at $44,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on FI. Morgan Stanley upped their price objective on Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research report on Thursday. UBS Group upped their price target on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Susquehanna raised their price objective on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, October 18th. BMO Capital Markets upped their target price on shares of Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $235.91.

Insiders Place Their Bets

In related news, CAO Kenneth Best sold 20,821 shares of the business’s 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 sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.75% of the stock is currently owned by company insiders.

Fiserv Price Performance

Shares of NYSE:FI opened at $230.18 on Friday. 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 company has a 50-day moving average price of $208.82 and a 200 day moving average price of $192.78. Fiserv, Inc. has a 52 week low of $142.14 and a 52 week high of $233.26. The company has a market cap of $130.95 billion, a P/E ratio of 44.27, a PEG ratio of 1.42 and a beta of 0.94.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. Research analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current year.

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.