Compass Capital Management Inc. Cuts Holdings in Fiserv, Inc. (NYSE:FI)

Compass Capital Management Inc. trimmed its stake in Fiserv, Inc. (NYSE:FI) by 17.4% during the fourth quarter, Holdings Channel reports. The fund owned 305,737 shares of the business services provider’s stock after selling 64,542 shares during the quarter. Fiserv accounts for 4.1% of Compass Capital Management Inc.’s holdings, making the stock its 9th largest position. Compass Capital Management Inc.’s holdings in Fiserv were worth $62,804,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Soros Capital Management LLC grew its holdings in Fiserv by 71.7% in the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after buying an additional 22,884 shares during the last quarter. Czech National Bank grew its holdings in shares of Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after purchasing an additional 6,072 shares in the last quarter. Chiron Investment Management LLC acquired a new stake in shares of Fiserv during the 3rd quarter worth approximately $4,709,000. Trust Co. of Vermont grew its holdings in shares of Fiserv by 170.4% during the 4th quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock worth $1,405,000 after purchasing an additional 4,310 shares in the last quarter. Finally, Cardano Risk Management B.V. acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $97,254,000. 90.98% of the stock is owned by institutional investors.

Insider Transactions at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the sale, the chief accounting officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Trading Up 0.3 %

FI stock opened at $216.59 on Tuesday. The company has a market cap of $123.22 billion, a P/E ratio of 41.65, a PEG ratio of 1.42 and a beta of 0.94. Fiserv, Inc. has a twelve month low of $137.13 and a twelve month high of $223.23. 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 business has a fifty day moving average of $208.72 and a 200-day moving average of $191.43.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FI. TD Cowen lifted 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. UBS Group lifted their price objective on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada lifted their price objective on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Compass Point began coverage on Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target on the stock. Finally, Barclays boosted their price target on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. 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.com, the company currently 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.