Foundations Investment Advisors LLC Sells 82 Shares of Fiserv, Inc. (NYSE:FI)

Foundations Investment Advisors LLC trimmed its holdings in shares of Fiserv, Inc. (NYSE:FIFree Report) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,578 shares of the business services provider’s stock after selling 82 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Fiserv were worth $940,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mount Yale Investment Advisors LLC grew its stake in shares of Fiserv by 1.2% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock worth $848,000 after purchasing an additional 50 shares during the last quarter. Cornerstone Wealth Group LLC increased its position in Fiserv by 3.3% during the 4th quarter. Cornerstone Wealth Group LLC now owns 2,378 shares of the business services provider’s stock valued at $488,000 after purchasing an additional 75 shares during the period. KBC Group NV increased its stake in shares of Fiserv by 187.6% in the 4th quarter. KBC Group NV now owns 394,171 shares of the business services provider’s stock valued at $80,970,000 after acquiring an additional 257,128 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Fiserv during the 4th quarter worth about $11,330,000. Finally, Blue Trust Inc. increased its holdings in shares of Fiserv by 31.7% during the fourth quarter. Blue Trust Inc. now owns 7,233 shares of the business services provider’s stock valued at $1,486,000 after acquiring an additional 1,743 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FI shares. Susquehanna increased their price target on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, October 18th. Compass Point began coverage on shares of Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price for the company. 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. KeyCorp boosted their target price on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company increased their price target on Fiserv from $220.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Three equities research 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 company presently has an average rating of “Moderate Buy” and a consensus target price of $224.00.

Get Our Latest Stock Report on FI

Fiserv Trading Up 0.5 %

Fiserv stock opened at $212.82 on Thursday. The stock has a market cap of $121.08 billion, a P/E ratio of 40.93, a PEG ratio of 1.37 and a beta of 0.94. Fiserv, Inc. has a fifty-two week low of $137.13 and a fifty-two week high of $223.23. The firm’s fifty day moving average price is $208.96 and its 200-day moving average price is $190.20. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07.

Insider Activity

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.75% of the company’s stock.

About Fiserv

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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