Heartwood Wealth Advisors LLC Buys New Holdings in Fiserv, Inc. (NYSE:FI)

Heartwood Wealth Advisors LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,000 shares of the business services provider’s stock, valued at approximately $205,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sanders Capital LLC purchased a new stake in shares of Fiserv in the third quarter valued at about $764,543,000. FMR LLC increased its stake in Fiserv by 17.8% in the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after buying an additional 1,427,664 shares during the last quarter. Maj Invest Holding A S bought a new position in shares of Fiserv during the 3rd quarter worth approximately $172,993,000. Kovitz Investment Group Partners LLC boosted its stake in shares of Fiserv by 788.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after buying an additional 561,377 shares during the last quarter. Finally, Mizuho Securities USA LLC grew its holdings in shares of Fiserv by 1,238.6% in the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after acquiring an additional 558,774 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Down 2.1 %

NYSE FI traded down $4.35 during trading on Friday, hitting $200.88. 1,727,618 shares of the company’s stock traded hands, compared to its average volume of 2,046,475. The firm has a market cap of $114.28 billion, a P/E ratio of 38.63, a PEG ratio of 1.56 and a beta of 0.94. The stock has a fifty day moving average of $209.68 and a two-hundred day moving average of $184.46. 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, Inc. has a 12-month low of $135.13 and a 12-month high of $223.23.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the previous year, the firm earned $1.96 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, sell-side analysts expect that Fiserv, Inc. will post 8.77 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FI shares. Barclays boosted their price objective on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Mizuho upped their price target on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Stephens reiterated an “overweight” rating and issued a $255.00 price objective on shares of Fiserv in a research note on Thursday, January 2nd. The Goldman Sachs Group increased their target price on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Robert W. Baird boosted their price objective on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus target price of $222.88.

Insiders Place Their Bets

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 transaction of $4,468,394.81. Following the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $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 accessible through the SEC website. Also, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the transaction, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 90,821 shares of company stock valued at $18,581,095 in the last quarter. Insiders own 0.75% of the company’s stock.

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.