Thomas Story & Son LLC Trims Position in Fiserv, Inc. (NYSE:FI)

Thomas Story & Son LLC decreased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,970 shares of the business services provider’s stock after selling 830 shares during the period. Fiserv accounts for about 4.0% of Thomas Story & Son LLC’s portfolio, making the stock its 10th biggest position. Thomas Story & Son LLC’s holdings in Fiserv were worth $9,443,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Soros Capital Management LLC lifted its stake in Fiserv by 71.7% during 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 acquiring an additional 22,884 shares in the last quarter. Czech National Bank increased its position in shares of Fiserv by 5.2% in the fourth 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 during the last quarter. Chiron Investment Management LLC bought a new position in shares of Fiserv during the 3rd quarter valued at about $4,709,000. Trust Co. of Vermont grew its stake in shares of Fiserv by 170.4% during the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock valued at $1,405,000 after buying an additional 4,310 shares during the last quarter. Finally, Cardano Risk Management B.V. bought a new stake in Fiserv in the 4th quarter worth $97,254,000. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on FI. BMO Capital Markets lifted their price target on shares of Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday. Susquehanna raised their price objective on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, October 18th. Wells Fargo & Company boosted their price objective on Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday. Keefe, Bruyette & Woods raised their target price on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Compass Point started coverage on shares of Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price on the stock. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of “Buy” and an average target price of $235.91.

Fiserv Price Performance

Shares of NYSE:FI opened at $230.18 on Monday. Fiserv, Inc. has a 12 month low of $142.14 and a 12 month high of $233.26. The firm has a market capitalization of $130.95 billion, a price-to-earnings ratio of 42.71, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The business’s 50 day simple moving average is $209.01 and its 200-day simple moving average is $193.52.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. As a group, equities analysts forecast that Fiserv, Inc. will post 10.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was 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 $8,320,644.31. This represents a 34.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.75% of the company’s stock.

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.