Fiserv, Inc. (NYSE:FI) Shares Sold by BTC Capital Management Inc.

BTC Capital Management Inc. reduced its position in shares of Fiserv, Inc. (NYSE:FI) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,844 shares of the business services provider’s stock after selling 1,754 shares during the period. Fiserv accounts for about 1.0% of BTC Capital Management Inc.’s holdings, making the stock its 29th biggest holding. BTC Capital Management Inc.’s holdings in Fiserv were worth $10,430,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its position in Fiserv by 17.8% during the third 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 last quarter. Sanders Capital LLC purchased a new position in Fiserv during the third quarter worth about $764,543,000. Barclays PLC boosted its stake in Fiserv by 3.0% during the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after buying an additional 48,413 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in Fiserv by 0.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock worth $236,739,000 after buying an additional 4,218 shares during the period. Finally, National Pension Service boosted its stake in Fiserv by 9.2% during the third quarter. National Pension Service now owns 1,112,168 shares of the business services provider’s stock worth $199,801,000 after buying an additional 93,508 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

Fiserv stock opened at $215.91 on Friday. Fiserv, Inc. has a 52 week low of $137.13 and a 52 week high of $223.23. 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 firm’s 50-day simple moving average is $208.83 and its 200 day simple moving average is $190.54. The firm has a market capitalization of $122.84 billion, a PE ratio of 41.52, a P/E/G ratio of 1.39 and a beta of 0.94.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FI shares. TD Cowen increased their target price on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Compass Point initiated coverage on shares of Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price objective for the company. Morgan Stanley raised their price objective on shares of Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. KeyCorp raised their price objective 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. Finally, Stephens reissued an “overweight” rating and issued a $255.00 price objective on shares of Fiserv in a research note 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 given a strong buy rating to the company. Based on data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Insider Activity at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

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.