Busey Bank Raises Holdings in Fiserv, Inc. (NYSE:FI)

Busey Bank lifted its holdings in Fiserv, Inc. (NYSE:FI) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,890 shares of the business services provider’s stock after purchasing an additional 2,949 shares during the quarter. Busey Bank’s holdings in Fiserv were worth $21,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of FI. Clean Yield Group increased its holdings in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC raised its holdings in Fiserv by 42.5% in the 3rd 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 period. Kennebec Savings Bank purchased a new position in Fiserv during the third quarter valued at $40,000. Friedenthal Financial purchased a new stake in Fiserv in the fourth quarter worth about $49,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Fiserv in the third quarter worth about $44,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Up 0.5 %

Shares of NYSE FI opened at $212.82 on Thursday. The company has a market cap of $121.08 billion, a P/E ratio of 40.93, a PEG ratio of 1.37 and a beta of 0.94. The firm has a 50-day simple moving average of $208.96 and a two-hundred day simple moving average of $190.20. Fiserv, Inc. has a 1 year low of $137.13 and a 1 year 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.

Analysts Set New Price Targets

A number of research firms have commented on FI. Compass Point assumed coverage on shares of Fiserv in a research note on Wednesday, November 20th. They set a “buy” rating and a $278.00 target price on the stock. TD Cowen upped their target price on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Mizuho raised their price target on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Wells Fargo & Company increased their target price on Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Susquehanna boosted their price target on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, October 18th. Three 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $224.00.

Insider Buying and Selling

In other news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.75% of the stock is owned by corporate insiders.

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.