Baader Bank Aktiengesellschaft Sells 2,172 Shares of Fiserv, Inc. (NYSE:FI)

Baader Bank Aktiengesellschaft reduced its stake in Fiserv, Inc. (NYSE:FI) by 40.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,208 shares of the business services provider’s stock after selling 2,172 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Fiserv were worth $659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of FI. Truist Financial Corp lifted its position in Fiserv by 1.4% during the second quarter. Truist Financial Corp now owns 279,379 shares of the business services provider’s stock worth $41,639,000 after acquiring an additional 3,924 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Fiserv during the 2nd quarter worth approximately $9,083,000. Newbridge Financial Services Group Inc. lifted its holdings in Fiserv by 95.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after purchasing an additional 127 shares during the last quarter. Anchor Investment Management LLC grew its holdings in Fiserv by 2.0% in the 2nd quarter. Anchor Investment Management LLC now owns 34,966 shares of the business services provider’s stock valued at $5,211,000 after buying an additional 695 shares in the last quarter. Finally, Centaurus Financial Inc. increased its position in Fiserv by 19.4% during the 2nd quarter. Centaurus Financial Inc. now owns 1,931 shares of the business services provider’s stock worth $288,000 after buying an additional 314 shares during the period. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Up 1.6 %

Shares of FI stock opened at $215.91 on Friday. Fiserv, Inc. has a twelve month low of $137.13 and a twelve month high of $223.23. The stock’s fifty day simple moving average is $208.86 and its 200 day simple moving average is $190.36. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $122.84 billion, a P/E ratio of 41.52, a P/E/G ratio of 1.37 and a beta of 0.94.

Insider Activity

In related news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value 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 $8,320,644.31. This trade represents a 34.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. UBS Group boosted their target price on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. BMO Capital Markets increased their target price on shares of Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. TD Cowen lifted their price target on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group increased their price target on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Mizuho lifted their price objective on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Fiserv has an average rating of “Moderate Buy” and an average target price of $224.00.

Fiserv 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.