GFS Advisors LLC Buys Shares of 1,078 Fiserv, Inc. (NYSE:FI)

GFS Advisors LLC purchased a new position in Fiserv, Inc. (NYSE:FI) in the fourth quarter, Holdings Channel.com reports. The firm purchased 1,078 shares of the business services provider’s stock, valued at approximately $221,000.

Several other hedge funds have also recently made changes to their positions in the stock. Clean Yield Group grew its position in 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 purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC boosted its stake in shares of 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 buying an additional 57 shares during the last quarter. Newbridge Financial Services Group Inc. grew its holdings in shares of Fiserv by 95.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after acquiring an additional 127 shares during the period. Kennebec Savings Bank purchased a new stake in Fiserv during the third quarter valued at $40,000. Finally, Northwest Investment Counselors LLC bought a new position in Fiserv in the third quarter valued at about $44,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Trading Up 0.1 %

Shares of FI stock opened at $216.07 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $122.93 billion, a price-to-earnings ratio of 41.55, a price-to-earnings-growth ratio of 1.39 and a beta of 0.94. Fiserv, Inc. has a 12-month low of $137.13 and a 12-month high of $223.23. The stock’s 50-day moving average price is $208.83 and its 200-day moving average price is $190.54.

Insiders Place Their Bets

In other news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FI shares. JPMorgan Chase & Co. boosted their price target on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Mizuho upped their target price on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Tigress Financial lifted their price target on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Stephens restated an “overweight” rating and issued a $255.00 price objective on shares of Fiserv in a research note on Thursday, January 2nd. Finally, Royal Bank of Canada lifted their target price on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target 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.