Fiserv, Inc. (NYSE:FI) Shares Bought by Lebenthal Global Advisors LLC

Lebenthal Global Advisors LLC lifted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,523 shares of the business services provider’s stock after purchasing an additional 95 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Fiserv were worth $1,751,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FI. Clean Yield Group lifted its stake in shares of Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC lifted its position in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares in the last quarter. Kennebec Savings Bank acquired a new position in Fiserv during the third quarter valued at approximately $40,000. Friedenthal Financial purchased a new stake in Fiserv during the fourth quarter worth approximately $49,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Fiserv in the 3rd quarter valued at $44,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of analyst reports. Jefferies Financial Group upped their price target on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Compass Point began coverage on Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 target price on the stock. TD Cowen lifted their price objective on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. KeyCorp boosted their target price on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Mizuho lifted their price target on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $224.00.

Insider Transactions at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction on 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 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. This trade represents a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the transaction, the director now directly owns 33,235 shares in the company, valued at $6,684,555.55. This trade represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

Fiserv Stock Down 0.1 %

Shares of Fiserv stock opened at $208.73 on Monday. The firm has a market cap of $118.75 billion, a price-to-earnings ratio of 40.09, a P/E/G ratio of 1.37 and a beta of 0.94. The stock has a 50-day simple moving average of $209.02 and a 200-day simple moving average of $189.35. Fiserv, Inc. has a 52-week low of $137.13 and a 52-week high of $223.23. 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 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.