Graphene Investments SAS Decreases Position in Fiserv, Inc. (NYSE:FI)

Graphene Investments SAS lowered its position in Fiserv, Inc. (NYSE:FI) by 26.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,700 shares of the business services provider’s stock after selling 5,200 shares during the quarter. Fiserv accounts for approximately 2.1% of Graphene Investments SAS’s holdings, making the stock its 19th biggest holding. Graphene Investments SAS’s holdings in Fiserv were worth $3,020,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in FI. Valley National Advisers Inc. purchased 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% in the third 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 in the last quarter. Kennebec Savings Bank acquired a new stake in shares of Fiserv during the third quarter valued at $40,000. Friedenthal Financial acquired a new position in Fiserv in the 4th quarter valued at about $49,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Fiserv during the 3rd quarter worth about $44,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling

In related news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

NYSE:FI opened at $231.05 on Friday. The firm has a 50-day moving average of $208.61 and a two-hundred day moving average of $192.51. 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 $131.45 billion, a P/E ratio of 44.43, a PEG ratio of 1.42 and a beta of 0.94. Fiserv, Inc. has a 1-year low of $140.26 and a 1-year high of $232.25.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. On average, research analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday. Barclays upped their target price on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods upped 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. Finally, The Goldman Sachs Group raised their target price on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $232.13.

About Fiserv

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.