Fiserv, Inc. (NYSE:FI) is Hunter Associates Investment Management LLC’s 6th Largest Position

Hunter Associates Investment Management LLC reduced its position in Fiserv, Inc. (NYSE:FI) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,269 shares of the business services provider’s stock after selling 381 shares during the period. Fiserv comprises approximately 2.7% of Hunter Associates Investment Management LLC’s holdings, making the stock its 6th largest position. Hunter Associates Investment Management LLC’s holdings in Fiserv were worth $17,510,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in FI. Soros Capital Management LLC raised its stake in Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after purchasing an additional 22,884 shares during the period. Czech National Bank raised its position in Fiserv by 5.2% during the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after buying an additional 6,072 shares during the period. Chiron Investment Management LLC purchased a new stake in Fiserv in the 3rd quarter worth about $4,709,000. Trust Co. of Vermont boosted its position in Fiserv by 170.4% during the 4th quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock worth $1,405,000 after acquiring an additional 4,310 shares during the period. Finally, Cardano Risk Management B.V. purchased a new position in Fiserv during the 4th quarter valued at about $97,254,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity

In related news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was 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 directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.75% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FI has been the subject of several research reports. Tigress Financial raised their price target on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. TD Cowen boosted their price target on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Compass Point started coverage on Fiserv in a report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective for the company. Oppenheimer upped their target price on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group lifted their price target on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $224.00.

Fiserv Price Performance

NYSE:FI opened at $215.91 on Friday. 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 one year low of $137.13 and a one year high of $223.23. The company has a fifty day moving average price of $208.86 and a 200 day moving average price of $190.36. The stock has a market cap of $122.84 billion, a P/E ratio of 41.52, a PEG ratio of 1.39 and a beta of 0.94.

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.