BluePath Capital Management LLC Invests $218,000 in Fiserv, Inc. (NYSE:FI)

BluePath Capital Management LLC purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,083 shares of the business services provider’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Clean Yield Group grew its holdings in Fiserv by 431.3% during the 3rd 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 in the last quarter. Cedar Mountain Advisors LLC boosted its position in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the period. Newbridge Financial Services Group Inc. grew its stake in Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 127 shares in the last quarter. Kennebec Savings Bank purchased a new position in Fiserv during the third quarter valued at approximately $40,000. Finally, Northwest Investment Counselors LLC bought a new stake in Fiserv during the 3rd quarter worth approximately $44,000. 90.98% of the stock is owned by institutional investors.

Fiserv Price Performance

FI opened at $204.12 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s 50 day simple moving average is $209.69 and its 200 day simple moving average is $186.07. The firm has a market cap of $116.13 billion, a price-to-earnings ratio of 39.25, a PEG ratio of 1.56 and a beta of 0.94. Fiserv, Inc. has a 1 year low of $135.97 and a 1 year high of $223.23.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter last year, the business earned $1.96 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. As a group, analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insider Buying and Selling at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the transaction, the director now owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,821 shares of company stock worth $18,581,095. 0.75% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on FI. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Wells Fargo & Company boosted their target price on Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Morgan Stanley raised their price target on Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. The Goldman Sachs Group boosted their price objective on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Finally, Robert W. Baird raised their target price on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. 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’s stock. According to MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $223.17.

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.