Fiserv, Inc. (NYSE:FI) Shares Bought by Angeles Wealth Management LLC

Angeles Wealth Management LLC raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 32.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,394 shares of the business services provider’s stock after acquiring an additional 835 shares during the quarter. Angeles Wealth Management LLC’s holdings in Fiserv were worth $697,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in FI. 17 Capital Partners LLC lifted its stake in Fiserv by 1.1% during the fourth quarter. 17 Capital Partners LLC now owns 7,443 shares of the business services provider’s stock worth $1,529,000 after purchasing an additional 80 shares during the last quarter. Compass Financial Services Inc purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $31,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at $53,000. Kestra Private Wealth Services LLC grew its position in shares of Fiserv by 20.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 7,661 shares of the business services provider’s stock valued at $1,574,000 after buying an additional 1,288 shares during the last quarter. Finally, Howland Capital Management LLC raised its stake in Fiserv by 3.9% during the 4th quarter. Howland Capital Management LLC now owns 13,810 shares of the business services provider’s stock worth $2,837,000 after acquiring an additional 516 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the subject of several research analyst reports. Tigress Financial upped their price objective on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Jefferies Financial Group lifted their price target on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Susquehanna increased their price objective on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods lifted their target price on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday. Finally, The Goldman Sachs Group increased 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. Two investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Fiserv has an average rating of “Buy” and a consensus target price of $235.91.

Insider Activity at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the 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 transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

Fiserv stock opened at $230.18 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. Fiserv, Inc. has a fifty-two week low of $142.14 and a fifty-two week high of $233.26. The stock has a fifty day moving average of $209.01 and a two-hundred day moving average of $193.52. The company has a market capitalization of $130.95 billion, a price-to-earnings ratio of 42.71, a PEG ratio of 1.52 and a beta of 0.94.

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