Albion Financial Group UT Reduces Stake in Fiserv, Inc. (NYSE:FI)

Albion Financial Group UT cut its stake in shares of Fiserv, Inc. (NYSE:FI) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,884 shares of the business services provider’s stock after selling 893 shares during the period. Fiserv accounts for approximately 2.0% of Albion Financial Group UT’s portfolio, making the stock its 13th largest holding. Albion Financial Group UT’s holdings in Fiserv were worth $28,529,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clean Yield Group grew its position in 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 buying an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC grew its holdings in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares in the last quarter. Newbridge Financial Services Group Inc. increased its position 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 purchasing an additional 127 shares during the last quarter. Kennebec Savings Bank bought a new stake in Fiserv during the third quarter valued at approximately $40,000. Finally, Northwest Investment Counselors LLC purchased a new position in Fiserv in the third quarter worth $44,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Price Performance

FI stock opened at $208.85 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a 50 day moving average price of $209.23 and a 200-day moving average price of $188.13. Fiserv, Inc. has a 52-week low of $137.13 and a 52-week high of $223.23. The firm has a market capitalization of $118.82 billion, a price-to-earnings ratio of 40.16, a PEG ratio of 1.37 and a beta of 0.94.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping the consensus estimate of $2.26 by $0.04. The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.96 earnings per share. Equities research analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Insider Activity at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction dated 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 owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the sale, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This trade represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FI shares. Tigress Financial boosted their target price on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Compass Point started coverage on Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price for the company. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Stephens reissued an “overweight” rating and set a $255.00 price objective on shares of Fiserv in a research note on Thursday, January 2nd. Finally, Royal Bank of Canada upped their price target on shares of Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.