Graypoint LLC Has $5.49 Million Holdings in Fiserv, Inc. (NYSE:FI)

Graypoint LLC lowered its stake in Fiserv, Inc. (NYSE:FI) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,735 shares of the business services provider’s stock after selling 342 shares during the quarter. Graypoint LLC’s holdings in Fiserv were worth $5,492,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in FI. Heartwood Wealth Advisors LLC bought a new position in Fiserv during the 4th quarter worth $205,000. Worth Asset Management LLC acquired a new stake in shares of Fiserv during the fourth quarter worth $2,226,000. International Assets Investment Management LLC bought a new position in Fiserv during the fourth quarter worth $510,000. Birch Capital Management LLC lifted its holdings in Fiserv by 0.3% in the fourth quarter. Birch Capital Management LLC now owns 22,091 shares of the business services provider’s stock valued at $4,538,000 after buying an additional 73 shares during the period. Finally, Diversified Trust Co grew its holdings in Fiserv by 1.5% during the 4th quarter. Diversified Trust Co now owns 62,883 shares of the business services provider’s stock worth $12,917,000 after acquiring an additional 911 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Morgan Stanley increased their price target on Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Mizuho lifted their target price on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Citigroup lifted their target price on shares of Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. Jefferies Financial Group increased their price target on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Finally, Susquehanna increased their price target on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, October 18th. Three investment 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $222.88.

Fiserv Stock Down 2.3 %

Shares of FI stock traded down $4.72 during midday trading on Friday, reaching $200.51. 3,109,499 shares of the stock were exchanged, compared to its average volume of 2,281,176. The firm has a market cap of $114.07 billion, a PE ratio of 38.56, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94. 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 is $209.68 and its two-hundred day moving average is $184.46. Fiserv, Inc. has a 1 year low of $135.13 and a 1 year high of $223.23.

Fiserv (NYSE:FI) last announced its quarterly earnings data 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 return on equity of 17.10% and a net margin of 15.22%. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter last year, the firm posted $1.96 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts predict that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Activity

In other news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Doyle Simons sold 40,000 shares of the firm’s 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 owns 76,180 shares in the company, valued at $15,386,074.60. This represents a 34.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,821 shares of company stock worth $18,581,095 over the last three months. 0.75% of the stock is currently owned by corporate insiders.

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.