Moloney Securities Asset Management LLC Sells 1,327 Shares of Fiserv, Inc. (NYSE:FI)

Moloney Securities Asset Management LLC lessened its position in shares of Fiserv, Inc. (NYSE:FI) by 13.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,851 shares of the business services provider’s stock after selling 1,327 shares during the period. Moloney Securities Asset Management LLC’s holdings in Fiserv were worth $1,818,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. acquired a new position in shares of Fiserv during the 4th quarter worth approximately $29,000. Cedar Mountain Advisors LLC lifted its position in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the period. Kennebec Savings Bank acquired a new stake in shares of Fiserv during the 3rd quarter worth $40,000. Friedenthal Financial bought a new position in shares of Fiserv in the fourth quarter worth $49,000. Finally, Northwest Investment Counselors LLC acquired a new position in Fiserv in the third quarter valued at about $44,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FI shares. The Goldman Sachs Group raised their target price on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted their price objective on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday. Compass Point started coverage on Fiserv in a research note on Wednesday, November 20th. They set a “buy” rating and a $278.00 target price for the company. KeyCorp lifted their price target on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Morgan Stanley upped their price objective on Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Fiserv currently has an average rating of “Buy” and an average target price of $235.91.

Insider Transactions at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer now owns 38,771 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Trading Down 0.5 %

NYSE FI opened at $230.18 on Friday. The firm has a market capitalization of $130.95 billion, a PE ratio of 42.71, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The business’s 50-day moving average price is $209.01 and its two-hundred day moving average price is $193.27. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 12 month low of $142.14 and a 12 month high of $233.26.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. On average, analysts expect that Fiserv, Inc. will post 10.22 EPS for the current year.

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.