Fiserv, Inc. (NYSE:FI) Position Trimmed by Tributary Capital Management LLC

Tributary Capital Management LLC trimmed its stake in Fiserv, Inc. (NYSE:FI) by 4.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,720 shares of the business services provider’s stock after selling 130 shares during the quarter. Tributary Capital Management LLC’s holdings in Fiserv were worth $559,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cottonwood Capital Advisors LLC purchased a new stake in Fiserv in the 4th quarter worth approximately $338,000. Curated Wealth Partners LLC increased its stake in shares of Fiserv by 10.4% in the fourth quarter. Curated Wealth Partners LLC now owns 3,145 shares of the business services provider’s stock worth $646,000 after acquiring an additional 295 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Fiserv by 34.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 13,090 shares of the business services provider’s stock worth $2,689,000 after acquiring an additional 3,318 shares in the last quarter. Neumann Capital Management LLC boosted its position in Fiserv by 3.2% during the fourth quarter. Neumann Capital Management LLC now owns 4,890 shares of the business services provider’s stock valued at $1,005,000 after purchasing an additional 150 shares during the last quarter. Finally, Carmel Capital Management L.L.C. grew its stake in Fiserv by 25.2% in the fourth quarter. Carmel Capital Management L.L.C. now owns 46,610 shares of the business services provider’s stock valued at $9,575,000 after purchasing an additional 9,370 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the transaction, the director now directly owns 33,235 shares in the company, valued at $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were 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 owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

Fiserv Price Performance

Shares of NYSE:FI opened at $208.90 on Friday. The firm has a market capitalization of $118.85 billion, a PE ratio of 40.17, a PEG ratio of 1.37 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 1-year low of $137.13 and a 1-year high of $223.23. The business’s 50 day moving average is $209.02 and its 200-day moving average is $188.80.

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

Wall Street Analysts Forecast Growth

FI has been the subject of a number of recent research reports. Morgan Stanley raised their price target on Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Keefe, Bruyette & Woods lifted their target price on shares of Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Oppenheimer increased their price target on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Royal Bank of Canada lifted their price objective on shares of Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently 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.