Fiserv, Inc. (NYSE:FI) Shares Bought by McAdam LLC

McAdam LLC raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,651 shares of the business services provider’s stock after acquiring an additional 58 shares during the period. McAdam LLC’s holdings in Fiserv were worth $339,000 at the end of the most recent quarter.

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

Fiserv Stock Performance

Fiserv stock opened at $216.07 on Monday. The firm has a 50 day simple moving average of $208.72 and a 200-day simple moving average of $191.19. The stock has a market cap of $122.93 billion, a price-to-earnings ratio of 41.55, a price-to-earnings-growth ratio of 1.39 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv, Inc. has a 1-year low of $137.13 and a 1-year high of $223.23.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. UBS Group increased their price target on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. KeyCorp lifted their price target on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Morgan Stanley upped their price objective on shares of Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. lifted their target price on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods upped their price target on shares of Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Three research 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $224.00.

Insider Buying and Selling

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction dated 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 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. 0.75% of the stock is currently owned by company insiders.

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.