Fiserv, Inc. (NYSE:FI) is Cortland Associates Inc. MO’s 3rd Largest Position

Cortland Associates Inc. MO trimmed its position in shares of Fiserv, Inc. (NYSE:FI) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 347,381 shares of the business services provider’s stock after selling 8,395 shares during the period. Fiserv comprises approximately 8.1% of Cortland Associates Inc. MO’s portfolio, making the stock its 3rd biggest holding. Cortland Associates Inc. MO owned about 0.06% of Fiserv worth $71,359,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Clean Yield Group raised its holdings in shares of Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC increased its position in Fiserv by 42.5% during the third 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 during the last quarter. Kennebec Savings Bank acquired a new position in Fiserv during the third quarter worth $40,000. Friedenthal Financial acquired a new position in Fiserv during the fourth quarter worth $49,000. Finally, Northwest Investment Counselors LLC acquired a new position in Fiserv during the third quarter worth $44,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Performance

Shares of Fiserv stock opened at $212.82 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $121.08 billion, a P/E ratio of 40.93, a P/E/G ratio of 1.37 and a beta of 0.94. The firm has a 50 day simple moving average of $208.96 and a 200 day simple moving average of $190.20. Fiserv, Inc. has a fifty-two week low of $137.13 and a fifty-two week high of $223.23.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Morgan Stanley increased their target price on shares of Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. raised their price target on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Citigroup raised their price target on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Susquehanna raised their price target on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, October 18th. Finally, UBS Group raised their price target on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and an average price target of $224.00.

Insider Activity at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction 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 approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.75% of the stock is currently owned by company 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.