Bartlett & CO. Wealth Management LLC Grows Stake in Fiserv, Inc. (NYSE:FI)

Bartlett & CO. Wealth Management LLC boosted its position in shares of Fiserv, Inc. (NYSE:FI) by 4.6% during the fourth quarter, Holdings Channel reports. The firm owned 6,755 shares of the business services provider’s stock after buying an additional 295 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Fiserv were worth $1,388,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. 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 valued at $31,000 after buying an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC lifted its position 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 valued at $34,000 after acquiring an additional 57 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its stake 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 valued at $39,000 after acquiring an additional 127 shares during the last quarter. Kennebec Savings Bank purchased a new stake in Fiserv during the 3rd quarter worth about $40,000. Finally, Northwest Investment Counselors LLC acquired a new position in Fiserv in the 3rd quarter valued at about $44,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity at Fiserv

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on FI shares. Stephens reaffirmed an “overweight” rating and set a $255.00 price target on shares of Fiserv in a research note on Thursday, January 2nd. UBS Group lifted their target price on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. TD Cowen raised 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. KeyCorp upped their target price on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company raised their price target on Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $224.00.

Fiserv Trading Down 1.5 %

NYSE FI opened at $206.35 on Friday. The stock has a market cap of $117.40 billion, a P/E ratio of 39.68, a PEG ratio of 1.37 and a beta of 0.94. The company’s fifty day simple moving average is $209.15 and its 200-day simple moving average is $188.28. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 52 week low of $137.13 and a 52 week high of $223.23.

Fiserv (NYSE:FI) last posted its quarterly earnings data 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 company had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the prior year, the company posted $1.96 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts predict that Fiserv, Inc. will post 8.77 EPS for the current fiscal 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.