Peddock Capital Advisors LLC Decreases Stock Position in Fiserv, Inc. (NYSE:FI)

Peddock Capital Advisors LLC trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,140 shares of the business services provider’s stock after selling 397 shares during the period. Fiserv makes up about 1.1% of Peddock Capital Advisors LLC’s investment portfolio, making the stock its 19th largest holding. Peddock Capital Advisors LLC’s holdings in Fiserv were worth $4,548,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Clean Yield Group boosted 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 worth $31,000 after buying an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC boosted 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 purchasing an additional 57 shares during the last quarter. Newbridge Financial Services Group Inc. grew its stake in shares of Fiserv by 95.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 127 shares during the period. Kennebec Savings Bank purchased a new stake in shares of Fiserv during the 3rd quarter valued at about $40,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Fiserv in the third quarter worth approximately $44,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 0.6 %

NYSE FI traded up $1.12 during trading on Monday, hitting $201.63. The stock had a trading volume of 1,917,855 shares, compared to its average volume of 2,234,360. The stock has a market capitalization of $114.71 billion, a price-to-earnings ratio of 38.78, a P/E/G ratio of 1.56 and a beta of 0.94. The stock has a 50 day simple moving average of $209.64 and a 200 day simple moving average of $185.31. Fiserv, Inc. has a one year low of $135.97 and a one year high of $223.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the prior year, the company posted $1.96 EPS. Fiserv’s quarterly revenue was up 7.0% on a year-over-year basis. Sell-side analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insider Activity

In other news, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The stock was 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 value of $6,033,900.00. Following the sale, the director now directly owns 33,235 shares in the company, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 90,821 shares of company stock worth $18,581,095. Company insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on FI. Morgan Stanley upped their price objective on Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Citigroup lifted their price objective on Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. UBS Group increased their target price on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Barclays lifted their price target on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group increased their price target on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $222.88.

About Fiserv

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.