Marcum Wealth LLC Has $496,000 Stock Holdings in Fiserv, Inc. (NYSE:FI)

Marcum Wealth LLC increased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 30.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,413 shares of the business services provider’s stock after purchasing an additional 563 shares during the quarter. Marcum Wealth LLC’s holdings in Fiserv were worth $496,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Clean Yield Group boosted its position in shares of 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 buying an additional 138 shares during the period. Cedar Mountain Advisors LLC boosted its position in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares during the last quarter. Newbridge Financial Services Group Inc. grew its stake in shares of Fiserv by 95.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after acquiring an additional 127 shares in the last quarter. Kennebec Savings Bank acquired a new stake in shares of Fiserv in the third quarter valued at approximately $40,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Fiserv in the third quarter worth $44,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on FI. The Goldman Sachs Group raised their target price on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. UBS Group lifted their target price on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Stephens reissued an “overweight” rating and set a $255.00 price target on shares of Fiserv in a research report on Thursday, January 2nd. 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. Finally, KeyCorp upped their price objective on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $223.17.

Fiserv Stock Performance

NYSE FI opened at $204.56 on Wednesday. Fiserv, Inc. has a 12-month low of $135.97 and a 12-month high of $223.23. The firm has a 50-day moving average price of $209.69 and a two-hundred day moving average price of $186.07. The company has a market capitalization of $116.38 billion, a P/E ratio of 39.34, a P/E/G ratio of 1.56 and a beta of 0.94. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last issued its quarterly earnings results 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. The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.96 earnings per share. Analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insider Activity at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of Fiserv 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the sale, the director now owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,821 shares of company stock valued at $18,581,095 over the last quarter. 0.75% of the stock is owned by corporate insiders.

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.