Nvwm LLC Increases Stock Position in Fiserv, Inc. (NYSE:FI)

Nvwm LLC increased its holdings in Fiserv, Inc. (NYSE:FI) by 44,991.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,411 shares of the business services provider’s stock after acquiring an additional 5,399 shares during the quarter. Nvwm LLC’s holdings in Fiserv were worth $1,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Valley National Advisers Inc. bought a new position in Fiserv in the 4th quarter valued at approximately $29,000. Clean Yield Group lifted its stake in Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 138 shares during the period. Cedar Mountain Advisors LLC boosted its holdings in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the last quarter. Kennebec Savings Bank bought a new stake in shares of Fiserv in the third quarter worth approximately $40,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Fiserv during the third quarter valued at approximately $44,000. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FI. Compass Point assumed coverage on shares of Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price on the stock. Oppenheimer upped their price objective on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Jefferies Financial Group raised their target price on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. upped their price target on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Susquehanna upped their target price on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a report on Friday, October 18th. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $224.00.

Insider Buying and Selling at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.75% of the company’s stock.

Fiserv Stock Down 1.1 %

Fiserv stock opened at $214.21 on Wednesday. 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 firm has a market cap of $121.87 billion, a price-to-earnings ratio of 41.19, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94. The business’s 50-day moving average price is $208.45 and its 200 day moving average price is $192.25. Fiserv, Inc. has a 52 week low of $137.13 and a 52 week high of $223.23.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current year.

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.