Forsta AP Fonden Lowers Holdings in Fiserv, Inc. (NYSE:FI)

Forsta AP Fonden cut its stake in shares of Fiserv, Inc. (NYSE:FI) by 0.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 139,500 shares of the business services provider’s stock after selling 200 shares during the period. Forsta AP Fonden’s holdings in Fiserv were worth $28,656,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FI. Clean Yield Group raised its stake in shares of Fiserv by 431.3% in the third 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 last quarter. Cedar Mountain Advisors LLC increased its holdings in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares in the last quarter. Newbridge Financial Services Group Inc. raised its holdings in shares of Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 127 shares during the last quarter. Kennebec Savings Bank purchased a new stake in Fiserv in the third quarter worth approximately $40,000. Finally, Northwest Investment Counselors LLC bought a new stake in Fiserv in the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

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 shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.75% of the stock is owned by insiders.

Fiserv Price Performance

Shares of FI stock opened at $211.90 on Wednesday. The company’s 50-day simple moving average is $208.96 and its two-hundred day simple moving average is $190.20. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv, Inc. has a one year low of $137.13 and a one year high of $223.23. The company has a market capitalization of $120.55 billion, a P/E ratio of 40.75, a P/E/G ratio of 1.37 and a beta of 0.94.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FI shares. Keefe, Bruyette & Woods raised their price target on Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. TD Cowen boosted their price target on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Barclays increased their price objective on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Susquehanna boosted their target price on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, October 18th. Finally, The Goldman Sachs Group increased their price target on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.