Allen Capital Group LLC Makes New $202,000 Investment in Fiserv, Inc. (NYSE:FI)

Allen Capital Group LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 985 shares of the business services provider’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Soros Capital Management LLC boosted its position in shares of Fiserv by 71.7% in the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after acquiring an additional 22,884 shares during the last quarter. Czech National Bank grew its position in Fiserv by 5.2% during the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after acquiring an additional 6,072 shares during the period. Chiron Investment Management LLC purchased a new stake in shares of Fiserv during the 3rd quarter worth about $4,709,000. Trust Co. of Vermont increased its position in Fiserv by 170.4% during the 4th quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock worth $1,405,000 after purchasing an additional 4,310 shares in the last quarter. Finally, Cardano Risk Management B.V. purchased a new position in Fiserv in the fourth quarter valued at approximately $97,254,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the firm’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 completion of the transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on FI shares. Susquehanna increased their price target on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a report on Friday, October 18th. Oppenheimer increased their price objective on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Barclays boosted their target price on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. The Goldman Sachs Group lifted their price target on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Stephens reissued an “overweight” rating and issued a $255.00 price objective on shares of Fiserv in a research report on Thursday, January 2nd. Three research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

Fiserv Price Performance

Shares of NYSE FI opened at $212.82 on Thursday. The firm’s 50-day simple moving average is $208.96 and its 200 day simple moving average is $190.20. The stock has a market cap of $121.08 billion, a P/E ratio of 40.93, a P/E/G ratio of 1.37 and a beta of 0.94. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a fifty-two week low of $137.13 and a fifty-two week 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.