Howland Capital Management LLC Buys 516 Shares of Fiserv, Inc. (NYSE:FI)

Howland Capital Management LLC lifted its stake in Fiserv, Inc. (NYSE:FI) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,810 shares of the business services provider’s stock after buying an additional 516 shares during the period. Howland Capital Management LLC’s holdings in Fiserv were worth $2,837,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in FI. Catalina Capital Group LLC increased its holdings in shares of Fiserv by 2.3% during the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock worth $444,000 after buying an additional 48 shares in the last quarter. Mount Yale Investment Advisors LLC increased its holdings in shares of Fiserv by 1.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock worth $848,000 after buying an additional 50 shares in the last quarter. Waypoint Capital Advisors LLC increased its holdings in shares of Fiserv by 1.7% during the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after buying an additional 51 shares in the last quarter. Wealthcare Advisory Partners LLC increased its holdings in shares of Fiserv by 3.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock worth $360,000 after buying an additional 51 shares in the last quarter. Finally, Optas LLC increased its holdings in shares of Fiserv by 1.7% during the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock worth $578,000 after buying an additional 54 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FI has been the subject of a number of recent research reports. 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. Royal Bank of Canada increased their price objective on Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday. BMO Capital Markets increased their price objective on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, UBS Group increased their price objective on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Fiserv currently has a consensus rating of “Buy” and a consensus price target of $235.91.

Fiserv Trading Down 0.5 %

NYSE FI opened at $230.18 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The company has a market capitalization of $130.95 billion, a price-to-earnings ratio of 42.71, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The company’s 50-day simple moving average is $209.01 and its two-hundred day simple moving average is $193.27. Fiserv, Inc. has a one year low of $142.14 and a one year high of $233.26.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Equities analysts forecast that Fiserv, Inc. will post 10.22 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction 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 sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.75% of the company’s stock.

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.