Fiserv, Inc. (NYSE:FI) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. increased its stake in shares of Fiserv, Inc. (NYSE:FI) by 31.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,233 shares of the business services provider’s stock after purchasing an additional 1,743 shares during the quarter. Blue Trust Inc.’s holdings in Fiserv were worth $1,486,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. FMR LLC increased its position in shares of Fiserv by 17.8% in the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after buying an additional 1,427,664 shares in the last quarter. Sanders Capital LLC acquired a new position in shares of Fiserv in the 3rd quarter valued at about $764,543,000. Barclays PLC lifted its stake in shares of Fiserv by 3.0% in the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock valued at $302,737,000 after purchasing an additional 48,413 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Fiserv by 0.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock worth $236,739,000 after acquiring an additional 4,218 shares in the last quarter. Finally, National Pension Service lifted its position in Fiserv by 9.2% during the 3rd quarter. National Pension Service now owns 1,112,168 shares of the business services provider’s stock worth $199,801,000 after acquiring an additional 93,508 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of NYSE FI opened at $211.90 on Wednesday. Fiserv, Inc. has a fifty-two week low of $137.13 and a fifty-two week high of $223.23. The firm’s 50-day simple moving average is $209.03 and its 200 day simple moving average is $189.79. 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 $120.55 billion, a price-to-earnings ratio of 40.75, a PEG ratio of 1.37 and a beta of 0.94.

Insiders Place Their Bets

In other news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction that occurred 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 trade represents a 34.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada boosted their price target on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. KeyCorp upped their target price on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price objective on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. TD Cowen increased their price objective on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Stephens restated an “overweight” rating and set a $255.00 target price on shares of Fiserv in a research note on Thursday, January 2nd. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $224.00.

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.