CHB Investment Group LLC Has $3.61 Million Position in Fiserv, Inc. (NYSE:FI)

CHB Investment Group LLC lessened its position in shares of Fiserv, Inc. (NYSE:FI) by 2.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,566 shares of the business services provider’s stock after selling 396 shares during the period. Fiserv makes up 2.0% of CHB Investment Group LLC’s holdings, making the stock its 7th biggest holding. CHB Investment Group LLC’s holdings in Fiserv were worth $3,608,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Kimelman & Baird LLC bought a new stake in Fiserv in the 2nd quarter valued at about $60,000. Oppenheimer & Co. Inc. increased its holdings in shares of Fiserv by 79.2% during the second quarter. Oppenheimer & Co. Inc. now owns 10,395 shares of the business services provider’s stock valued at $1,549,000 after acquiring an additional 4,594 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Fiserv by 160.3% in the 2nd quarter. Federated Hermes Inc. now owns 151,647 shares of the business services provider’s stock worth $22,601,000 after purchasing an additional 93,393 shares in the last quarter. Parallel Advisors LLC grew its position 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 purchasing an additional 959 shares during the period. Finally, J.W. Cole Advisors Inc. increased its stake in 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 own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FI. Tigress Financial raised their price target on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Compass Point began coverage on Fiserv in a research note on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective on the stock. Mizuho upped their target price on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. TD Cowen raised their price target on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets upped 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. Three investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and an average price target of $222.88.

Insider Buying and Selling

In other news, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction 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. This trade represents a 34.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction that occurred 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 of the company’s stock, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 90,821 shares of company stock worth $18,581,095 in the last quarter. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Up 0.6 %

FI stock opened at $201.63 on Tuesday. The company has a market capitalization of $114.71 billion, a price-to-earnings 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 quick ratio of 1.07 and a current ratio of 1.07. The business’s 50 day moving average price is $209.66 and its two-hundred day moving average price is $185.68. Fiserv, Inc. has a fifty-two week low of $135.97 and a fifty-two week high of $223.23.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share 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 analysts’ expectations of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.96 earnings per share. As a group, analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

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.