Stableford Capital II LLC Makes New $829,000 Investment in Fiserv, Inc. (NYSE:FI)

Stableford Capital II LLC purchased a new position in Fiserv, Inc. (NYSE:FI) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 4,036 shares of the business services provider’s stock, valued at approximately $829,000.

Several other institutional investors have also modified their holdings of FI. FMR LLC boosted its position in shares of Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after buying an additional 1,427,664 shares during the period. Sanders Capital LLC bought a new position in shares of Fiserv during the 3rd quarter worth approximately $764,543,000. Barclays PLC grew its stake in shares of Fiserv by 3.0% during the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after acquiring an additional 48,413 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Fiserv by 0.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock valued at $236,739,000 after purchasing an additional 4,218 shares during the last quarter. Finally, National Pension Service increased its stake in Fiserv by 9.2% in the 3rd quarter. National Pension Service now owns 1,112,168 shares of the business services provider’s stock valued at $199,801,000 after buying an additional 93,508 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

FI has been the subject of several analyst reports. Jefferies Financial Group raised their price objective on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Susquehanna lifted their price target on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, October 18th. Citigroup boosted their target price on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, Oppenheimer upped their price objective on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

Insider Buying and Selling at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the business’s 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 owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.75% of the company’s stock.

Fiserv Trading Up 0.1 %

Shares of FI opened at $216.07 on Friday. 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. The firm has a market cap of $122.93 billion, a price-to-earnings ratio of 41.55, a PEG ratio of 1.39 and a beta of 0.94. The business’s fifty day moving average is $208.72 and its 200-day moving average is $190.96.

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.