Archford Capital Strategies LLC lifted its stake in shares of Fiserv, Inc. (NYSE:FI – Free Report) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,999 shares of the business services provider’s stock after acquiring an additional 57 shares during the quarter. Archford Capital Strategies LLC’s holdings in Fiserv were worth $1,849,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Sanders Capital LLC bought a new position in shares of Fiserv during the 3rd quarter worth $764,543,000. FMR LLC boosted its position in Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Maj Invest Holding A S bought a new stake in Fiserv during the third quarter valued at about $172,993,000. Kovitz Investment Group Partners LLC boosted its position in Fiserv by 788.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock valued at $109,700,000 after purchasing an additional 561,377 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its position in Fiserv by 1,238.6% during the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after purchasing an additional 558,774 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other news, CAO Kenneth Best sold 20,821 shares of the company’s 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were 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 in the company, valued at approximately $6,684,555.55. This trade represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Read Our Latest Analysis on FI
Fiserv Stock Up 1.2 %
Shares of FI opened at $208.90 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv, Inc. has a one year low of $137.13 and a one year high of $223.23. The stock has a market capitalization of $118.85 billion, a price-to-earnings ratio of 40.17, a PEG ratio of 1.37 and a beta of 0.94. The stock has a 50 day moving average price of $209.02 and a 200 day moving average price of $188.80.
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.
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