Tobam Reduces Stake in Fiserv, Inc. (NYSE:FI)

Tobam lessened its position in shares of Fiserv, Inc. (NYSE:FI) by 23.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 712 shares of the business services provider’s stock after selling 222 shares during the quarter. Tobam’s holdings in Fiserv were worth $146,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Valley National Advisers Inc. bought a new position in shares of Fiserv in the 4th quarter worth approximately $29,000. Cedar Mountain Advisors LLC raised its position in Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares during the period. Kennebec Savings Bank purchased a new position in shares of Fiserv during the 3rd quarter worth $40,000. Northwest Investment Counselors LLC purchased a new position in shares of Fiserv during the 3rd quarter worth $44,000. Finally, Wolff Wiese Magana LLC grew its position in shares of Fiserv by 904.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 251 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 226 shares during the period. Institutional investors own 90.98% of the company’s stock.

Insider Activity

In other news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, 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. Insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

FI has been the topic of several analyst reports. KeyCorp lifted their target price on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday. BMO Capital Markets lifted their price objective on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday. Tigress Financial increased their target price on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Compass Point assumed coverage on shares of Fiserv in a report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price target on the stock. Finally, Royal Bank of Canada increased their price objective on shares of Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday. Two 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 presently has an average rating of “Buy” and an average price target of $235.91.

Fiserv Stock Down 0.5 %

NYSE FI opened at $230.18 on Friday. Fiserv, Inc. has a 52 week low of $142.14 and a 52 week high of $233.26. The firm has a market capitalization of $130.95 billion, a price-to-earnings ratio of 44.27, a PEG ratio of 1.42 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. The company has a fifty day moving average of $208.82 and a two-hundred day moving average of $192.78.

Fiserv (NYSE:FI) last issued its quarterly 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 net margin of 15.22% and a return on equity of 17.10%. On average, analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current year.

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.