Cadinha & Co. LLC Purchases 80,651 Shares of Fiserv, Inc. (NYSE:FI)

Cadinha & Co. LLC increased its holdings in Fiserv, Inc. (NYSE:FI) by 798.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 90,758 shares of the business services provider’s stock after buying an additional 80,651 shares during the period. Fiserv comprises about 3.1% of Cadinha & Co. LLC’s holdings, making the stock its 15th biggest position. Cadinha & Co. LLC’s holdings in Fiserv were worth $18,644,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Soros Capital Management LLC raised its position in Fiserv by 71.7% in the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after acquiring an additional 22,884 shares during the period. Czech National Bank lifted its stake in Fiserv by 5.2% in the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after purchasing an additional 6,072 shares during the last quarter. Chiron Investment Management LLC purchased a new stake in Fiserv in the third quarter worth $4,709,000. Cardano Risk Management B.V. bought a new position in shares of Fiserv during the 4th quarter worth $97,254,000. Finally, Maxwell Wealth Strategies Inc. raised its stake in Fiserv by 23.6% in the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider’s stock valued at $2,696,000 after acquiring an additional 2,869 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Trading Up 1.2 %

NYSE:FI opened at $208.67 on Friday. Fiserv, Inc. has a 52 week low of $136.93 and a 52 week high of $223.23. The stock has a market cap of $118.71 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 1.32 and a beta of 0.94. The company’s 50 day moving average price is $209.45 and its 200-day moving average price is $186.76. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.96 EPS. On average, equities research analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In other Fiserv news, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the sale, the director now owns 76,180 shares in the company, valued at $15,386,074.60. This represents a 34.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,821 shares of company stock worth $18,581,095. Company insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. BMO Capital Markets boosted their target price on shares of Fiserv from $222.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, November 18th. The Goldman Sachs Group lifted their price target on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. TD Cowen increased their price target on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Robert W. Baird increased their target price on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Three 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

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.