SteelPeak Wealth LLC Makes New Investment in Fiserv, Inc. (NYSE:FI)

SteelPeak Wealth LLC bought a new stake in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,103 shares of the business services provider’s stock, valued at approximately $2,897,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC grew its position in Fiserv by 17.8% in the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares during the last quarter. Sanders Capital LLC bought a new position in Fiserv in the 3rd quarter worth approximately $764,543,000. Barclays PLC increased its position in Fiserv by 3.0% in the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock valued at $302,737,000 after acquiring an additional 48,413 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in Fiserv by 0.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock valued at $236,739,000 after acquiring an additional 4,218 shares in the last quarter. Finally, National Pension Service boosted its position in Fiserv by 9.2% during the 3rd quarter. National Pension Service now owns 1,112,168 shares of the business services provider’s stock worth $199,801,000 after acquiring an additional 93,508 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the business’s 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.75% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Barclays raised their price objective on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. KeyCorp lifted their price target on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Stephens restated an “overweight” rating and issued a $255.00 price objective on shares of Fiserv in a report on Thursday, January 2nd. Mizuho lifted their target price on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company upped their price target on shares of Fiserv from $220.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Three 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Fiserv Stock Down 0.6 %

Shares of NYSE:FI opened at $211.90 on Wednesday. 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 stock has a market cap of $120.55 billion, a price-to-earnings ratio of 40.75, a P/E/G ratio of 1.37 and a beta of 0.94. The company has a 50 day moving average of $209.03 and a 200-day moving average of $189.79. Fiserv, Inc. has a one year low of $137.13 and a one year high of $223.23.

Fiserv Company 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.