Traveka Wealth LLC Makes New $210,000 Investment in Fiserv, Inc. (NYSE:FI)

Traveka Wealth LLC acquired a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,023 shares of the business services provider’s stock, valued at approximately $210,000.

Other hedge funds have also made changes to their positions in the company. Kimelman & Baird LLC bought a new stake in shares of Fiserv in the 2nd quarter worth $60,000. Oppenheimer & Co. Inc. grew its holdings in Fiserv by 79.2% during the second quarter. Oppenheimer & Co. Inc. now owns 10,395 shares of the business services provider’s stock worth $1,549,000 after acquiring an additional 4,594 shares during the period. Federated Hermes Inc. raised its position in Fiserv by 160.3% in the second quarter. Federated Hermes Inc. now owns 151,647 shares of the business services provider’s stock worth $22,601,000 after acquiring an additional 93,393 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Fiserv by 21.5% in the 2nd quarter. Parallel Advisors LLC now owns 5,416 shares of the business services provider’s stock valued at $807,000 after acquiring an additional 959 shares during the last quarter. Finally, J.W. Cole Advisors Inc. boosted its position in shares of Fiserv by 16.3% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 2,267 shares of the business services provider’s stock valued at $338,000 after purchasing an additional 318 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FI shares. Compass Point began coverage on shares of Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price on the stock. Jefferies Financial Group increased their price objective on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Morgan Stanley raised their price objective on Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Royal Bank of Canada boosted their target price on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Oppenheimer lifted their price target on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Three analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $222.88.

Fiserv Stock Up 0.6 %

FI opened at $201.63 on Tuesday. The company has a market capitalization of $114.71 billion, a PE ratio of 38.78, a price-to-earnings-growth ratio of 1.56 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 fifty-two week low of $135.97 and a fifty-two week high of $223.23. The business has a 50-day moving average of $209.66 and a 200-day moving average of $185.68.

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

Insider Activity at Fiserv

In related news, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Heidi Miller sold 30,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the transaction, the director now owns 33,235 shares in the company, valued at approximately $6,684,555.55. This trade represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,821 shares of company stock valued at $18,581,095. Insiders own 0.75% of the company’s stock.

About Fiserv

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.