Fiserv, Inc. (NYSE:FI) Shares Purchased by Olstein Capital Management L.P.

Olstein Capital Management L.P. raised its position in Fiserv, Inc. (NYSE:FI) by 11.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 19,000 shares of the business services provider’s stock after buying an additional 2,000 shares during the period. Olstein Capital Management L.P.’s holdings in Fiserv were worth $3,903,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on FI. KeyCorp upped their price target on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Tigress Financial lifted their target price on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Royal Bank of Canada upped their price target on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets lifted their price objective on Fiserv from $222.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $224.00.

Insider Buying and Selling at Fiserv

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now 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 sale was disclosed in a 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 value of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.

Fiserv Stock Performance

Shares of FI opened at $208.90 on Friday. The firm has a market cap of $118.85 billion, a price-to-earnings ratio of 40.17, a PEG ratio of 1.37 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. The business’s 50 day moving average is $209.02 and its two-hundred day moving average is $188.80. Fiserv, Inc. has a 52-week low of $137.13 and a 52-week high of $223.23.

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.