Compass Wealth Management LLC Has $6.98 Million Position in Fiserv, Inc. (NYSE:FI)

Compass Wealth Management LLC trimmed its stake in shares of Fiserv, Inc. (NYSE:FI) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,968 shares of the business services provider’s stock after selling 1,216 shares during the quarter. Fiserv accounts for 1.7% of Compass Wealth Management LLC’s portfolio, making the stock its 12th largest holding. Compass Wealth Management LLC’s holdings in Fiserv were worth $6,978,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FI. Cottonwood Capital Advisors LLC acquired a new stake in shares of Fiserv in the 4th quarter valued at $338,000. Curated Wealth Partners LLC increased its holdings in Fiserv by 10.4% during the 4th quarter. Curated Wealth Partners LLC now owns 3,145 shares of the business services provider’s stock valued at $646,000 after purchasing an additional 295 shares in the last quarter. Exchange Traded Concepts LLC raised its position in Fiserv by 34.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 13,090 shares of the business services provider’s stock valued at $2,689,000 after purchasing an additional 3,318 shares during the last quarter. Neumann Capital Management LLC boosted its stake in Fiserv by 3.2% in the fourth quarter. Neumann Capital Management LLC now owns 4,890 shares of the business services provider’s stock worth $1,005,000 after purchasing an additional 150 shares in the last quarter. Finally, Carmel Capital Management L.L.C. grew its holdings in shares of Fiserv by 25.2% during the fourth quarter. Carmel Capital Management L.L.C. now owns 46,610 shares of the business services provider’s stock worth $9,575,000 after purchasing an additional 9,370 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Insider Activity

In other Fiserv news, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value 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. The trade was 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 stock in a transaction 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 sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

Fiserv Stock Up 1.2 %

Fiserv stock opened at $208.90 on Friday. Fiserv, Inc. has a twelve month low of $137.13 and a twelve month high of $223.23. The company’s 50-day moving average price is $209.02 and its two-hundred day moving average price is $188.80. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a market cap of $118.85 billion, a P/E ratio of 40.17, a P/E/G ratio of 1.37 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.04. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.96 EPS. As a group, analysts expect that Fiserv, Inc. will post 8.77 EPS for the current year.

Wall Street Analyst Weigh In

FI has been the topic of several research reports. Citigroup upped their price target on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods upped their target price on shares of Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Wells Fargo & Company raised their price target on shares of Fiserv from $220.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. upped their price objective on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Oppenheimer lifted their target price on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $224.00.

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.