Fiserv, Inc. (NYSE:FI) Shares Purchased by Robbins Farley

Robbins Farley grew its position in Fiserv, Inc. (NYSE:FI) by 4.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,567 shares of the business services provider’s stock after purchasing an additional 1,288 shares during the period. Fiserv comprises approximately 2.7% of Robbins Farley’s holdings, making the stock its 9th biggest holding. Robbins Farley’s holdings in Fiserv were worth $5,663,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Valley National Advisers Inc. acquired a new position in Fiserv during the 4th quarter worth about $29,000. Clean Yield Group raised its stake in shares of Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC lifted its position in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares in the last quarter. Kennebec Savings Bank bought a new stake in shares of Fiserv during the third quarter valued at approximately $40,000. Finally, Friedenthal Financial bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $49,000. Institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the topic of a number of recent research reports. Citigroup increased their price objective on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods raised their price target on Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a report on Monday, December 9th. TD Cowen boosted their price objective on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their target price on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company boosted their price target on shares of Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $224.00.

Fiserv Stock Up 0.3 %

FI stock opened at $216.59 on Tuesday. Fiserv, Inc. has a fifty-two week low of $137.13 and a fifty-two week high of $223.23. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $123.22 billion, a price-to-earnings ratio of 41.65, a PEG ratio of 1.42 and a beta of 0.94. The business’s fifty day moving average price is $208.72 and its two-hundred day moving average price is $191.43.

Insider Activity at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction dated 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 $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is currently owned by corporate insiders.

About Fiserv

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.