Fiserv, Inc. (NYSE:FI) Shares Sold by Invesco LLC

Invesco LLC reduced its holdings in shares of Fiserv, Inc. (NYSE:FI) by 3.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,027 shares of the business services provider’s stock after selling 82 shares during the period. Invesco LLC’s holdings in Fiserv were worth $416,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of FI. Kimelman & Baird LLC acquired a new stake in Fiserv during the 2nd quarter worth approximately $60,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Fiserv during the second quarter worth $2,206,000. Driehaus Capital Management LLC purchased a new position in Fiserv in the 2nd quarter valued at $237,000. Creative Planning raised its position in Fiserv by 1.8% during the 2nd quarter. Creative Planning now owns 141,756 shares of the business services provider’s stock worth $21,127,000 after buying an additional 2,548 shares during the last quarter. Finally, Regal Investment Advisors LLC lifted its stake in shares of Fiserv by 5.3% in the 2nd quarter. Regal Investment Advisors LLC now owns 8,767 shares of the business services provider’s stock worth $1,307,000 after acquiring an additional 445 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.75% of the stock is currently owned by company insiders.

Fiserv Trading Up 0.6 %

Shares of Fiserv stock traded up $1.26 during trading hours on Wednesday, reaching $212.98. 171,898 shares of the company’s stock were exchanged, compared to its average volume of 2,290,930. Fiserv, Inc. has a 52-week low of $137.13 and a 52-week high of $223.23. The company has a fifty day moving average of $208.96 and a 200-day moving average of $190.20. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $121.17 billion, a price-to-earnings ratio of 40.95, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FI shares. The Goldman Sachs Group boosted their target price on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Mizuho boosted their target price on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Oppenheimer raised their price objective on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Compass Point initiated coverage on shares of Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price for the company. Finally, UBS Group boosted their price target on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Three research 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 company. Based on data from MarketBeat, Fiserv has an average rating of “Moderate Buy” and an average target price of $224.00.

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.