Fiserv, Inc. (NYSE:FI) Shares Acquired by M. Kraus & Co

M. Kraus & Co boosted its holdings in Fiserv, Inc. (NYSE:FI) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,247 shares of the business services provider’s stock after purchasing an additional 300 shares during the quarter. Fiserv comprises approximately 2.9% of M. Kraus & Co’s portfolio, making the stock its 13th biggest position. M. Kraus & Co’s holdings in Fiserv were worth $9,500,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Fiserv in the 4th quarter valued at about $94,000. Park Avenue Securities LLC increased its position in Fiserv by 30.4% during the fourth quarter. Park Avenue Securities LLC now owns 20,367 shares of the business services provider’s stock worth $4,184,000 after buying an additional 4,745 shares during the period. Kathmere Capital Management LLC lifted its stake in Fiserv by 7.5% in the fourth quarter. Kathmere Capital Management LLC now owns 1,294 shares of the business services provider’s stock valued at $266,000 after buying an additional 90 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Fiserv by 289.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 575,829 shares of the business services provider’s stock valued at $118,287,000 after acquiring an additional 428,048 shares during the period. Finally, Board of the Pension Protection Fund purchased a new position in shares of Fiserv during the fourth quarter worth approximately $945,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Tigress Financial upped their price target on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Mizuho increased their target price on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Keefe, Bruyette & Woods upped their price objective on Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, Compass Point initiated coverage on Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $223.17.

Fiserv Price Performance

Shares of NYSE FI opened at $204.56 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The company’s 50-day moving average price is $209.69 and its 200 day moving average price is $186.07. Fiserv, Inc. has a 52 week low of $135.97 and a 52 week high of $223.23. The stock has a market cap of $116.38 billion, a price-to-earnings ratio of 39.34, a PEG ratio of 1.56 and a beta of 0.94.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the business earned $1.96 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, research analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the sale, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,821 shares of company stock worth $18,581,095. 0.75% of the stock is owned by insiders.

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.