Jackson Wealth Management LLC Invests $525,000 in Fiserv, Inc. (NYSE:FI)

Jackson Wealth Management LLC purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, HoldingsChannel reports. The fund purchased 2,557 shares of the business services provider’s stock, valued at approximately $525,000.

Several other hedge funds have also recently made changes to their positions in FI. Valley National Advisers Inc. purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $29,000. Clean Yield Group increased 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 purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC raised its position in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares in the last quarter. Kennebec Savings Bank bought a new position in shares of Fiserv during the 3rd quarter worth $40,000. Finally, Friedenthal Financial purchased a new position in shares of Fiserv during the fourth quarter valued at $49,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Down 1.1 %

Fiserv stock opened at $214.21 on Wednesday. The firm has a market capitalization of $121.87 billion, a price-to-earnings ratio of 41.19, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94. 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 fifty-two week low of $137.13 and a fifty-two week high of $223.23. The stock’s fifty day moving average is $208.61 and its two-hundred day moving average is $191.84.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. KeyCorp increased their target price on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Mizuho lifted their price objective on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Jefferies Financial Group raised their target price on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley boosted their price objective on Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Three investment 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, the company presently has an average rating of “Moderate Buy” and an average price target of $224.00.

Insiders Place Their Bets

In other Fiserv news, 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 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. This represents a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.75% of the stock is currently 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.