Beaumont Financial Advisors LLC Purchases New Shares in Fiserv, Inc. (NYSE:FI)

Beaumont Financial Advisors LLC acquired a new position in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,210 shares of the business services provider’s stock, valued at approximately $454,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of FI. Clean Yield Group grew its holdings in Fiserv by 431.3% during the 3rd 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 raised its stake in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its position in shares of Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after purchasing an additional 127 shares in the last quarter. Kennebec Savings Bank acquired a new stake in shares of Fiserv in the third quarter valued at approximately $40,000. Finally, Northwest Investment Counselors LLC bought a new position in Fiserv in the 3rd quarter worth approximately $44,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the topic of a number of recent research reports. Stephens reiterated an “overweight” rating and issued a $255.00 price objective on shares of Fiserv in a research report on Thursday, January 2nd. Mizuho lifted their price objective on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. The Goldman Sachs Group upped their target price on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted their price target on shares of Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, KeyCorp increased their price objective on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Three 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

Fiserv Stock Up 0.2 %

Shares of Fiserv stock opened at $209.48 on Thursday. The firm has a market cap of $119.18 billion, a PE ratio of 40.28, a P/E/G ratio of 1.37 and a beta of 0.94. The business’s 50 day simple moving average is $209.23 and its 200 day simple moving average is $188.13. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv, Inc. has a 52-week low of $137.13 and a 52-week high of $223.23.

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

Insider Activity at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the transaction, the director now owns 33,235 shares in the company, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.75% of the stock is owned by company 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.