R Squared Ltd Takes Position in Fiserv, Inc. (NYSE:FI)

R Squared Ltd purchased a new position in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 710 shares of the business services provider’s stock, valued at approximately $146,000.

A number of other hedge funds have also recently added to or reduced their stakes in FI. Clean Yield Group lifted its position in shares of Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC lifted its holdings in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its position in Fiserv by 95.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after buying an additional 127 shares during the last quarter. Kennebec Savings Bank acquired a new stake in shares of Fiserv in the 3rd quarter valued at $40,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Fiserv during the third quarter worth $44,000. Institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.75% of the stock is owned by insiders.

Fiserv Price Performance

FI stock opened at $212.82 on Thursday. The stock has a 50-day moving average price of $208.96 and a two-hundred day moving average price of $190.20. Fiserv, Inc. has a 1 year low of $137.13 and a 1 year high of $223.23. The stock has a market cap of $121.08 billion, a PE ratio of 40.93, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85.

Wall Street Analysts Forecast Growth

FI has been the topic of several recent research reports. Barclays raised their price target on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. KeyCorp raised their target price 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. TD Cowen boosted their price target 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. Wells Fargo & Company raised their price objective on shares of Fiserv from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, Stephens reiterated an “overweight” rating and set a $255.00 target price on shares of Fiserv in a research report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

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.