Yousif Capital Management LLC Trims Stock Position in Fiserv, Inc. (NYSE:FI)

Yousif Capital Management LLC decreased its position in shares of Fiserv, Inc. (NYSE:FI) by 2.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 79,256 shares of the business services provider’s stock after selling 1,887 shares during the period. Yousif Capital Management LLC’s holdings in Fiserv were worth $16,281,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Valley National Advisers Inc. purchased a new position in Fiserv during the fourth quarter worth approximately $29,000. Clean Yield Group raised 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 period. Cedar Mountain Advisors LLC raised its stake in Fiserv by 42.5% during 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 purchased a new position in Fiserv during the third quarter worth approximately $40,000. Finally, Northwest Investment Counselors LLC purchased a new position in Fiserv during the third quarter worth approximately $44,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

FI stock opened at $214.21 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $121.87 billion, a P/E ratio of 41.19, a P/E/G ratio of 1.42 and a beta of 0.94. The firm has a 50 day simple moving average of $208.61 and a 200 day simple moving average of $191.84. Fiserv, Inc. has a 52 week low of $137.13 and a 52 week high of $223.23.

Analyst Ratings Changes

FI has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. UBS Group increased their price objective on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Compass Point started coverage on shares of Fiserv in a research report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price objective for the company. BMO Capital Markets increased their price objective on shares of Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

Insider Buying and Selling

In other Fiserv 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 completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

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.