Fiserv, Inc. (NYSE:FI) Stock Holdings Lifted by Dakota Wealth Management

Dakota Wealth Management lifted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,989 shares of the business services provider’s stock after buying an additional 375 shares during the period. Dakota Wealth Management’s holdings in Fiserv were worth $2,668,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its position in shares of Fiserv by 1.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 272,741 shares of the business services provider’s stock worth $56,026,000 after purchasing an additional 4,153 shares during the period. Beaumont Financial Advisors LLC bought a new position in Fiserv during the 4th quarter worth $454,000. Atomi Financial Group Inc. increased its position in Fiserv by 9.2% in the fourth quarter. Atomi Financial Group Inc. now owns 5,346 shares of the business services provider’s stock worth $1,098,000 after buying an additional 452 shares during the period. Clear Harbor Asset Management LLC bought a new stake in Fiserv in the fourth quarter valued at $636,000. Finally, Perpetual Ltd boosted its holdings in shares of Fiserv by 70.1% during the fourth quarter. Perpetual Ltd now owns 3,576 shares of the business services provider’s stock valued at $735,000 after acquiring an additional 1,474 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on FI. Barclays increased their price objective on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Citigroup boosted their price objective on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Royal Bank of Canada raised their target price on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Mizuho boosted their price target on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

Insider Buying and Selling at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction on Tuesday, November 12th. The stock was 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 in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of NYSE:FI opened at $209.48 on Thursday. The company has a market capitalization of $119.18 billion, a PE ratio of 40.28, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a fifty day moving average of $209.23 and a 200-day moving average of $188.13. Fiserv, Inc. has a one year low of $137.13 and a one year high of $223.23.

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

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.