Investment Research & Advisory Group Inc. Has $4.10 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Investment Research & Advisory Group Inc. grew its stake in shares of Fiserv, Inc. (NYSE:FI) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,958 shares of the business services provider’s stock after purchasing an additional 89 shares during the period. Fiserv makes up 1.2% of Investment Research & Advisory Group Inc.’s investment portfolio, making the stock its 16th biggest holding. Investment Research & Advisory Group Inc.’s holdings in Fiserv were worth $4,100,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sanders Capital LLC bought a new position in Fiserv in the 3rd quarter worth approximately $764,543,000. FMR LLC raised its holdings in shares of Fiserv by 17.8% in the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after acquiring an additional 1,427,664 shares in the last quarter. Maj Invest Holding A S purchased a new stake in Fiserv in the third quarter valued at approximately $172,993,000. Kovitz Investment Group Partners LLC lifted its holdings in shares of Fiserv by 788.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after acquiring an additional 561,377 shares during the last quarter. Finally, Mizuho Securities USA LLC lifted its stake in Fiserv by 1,238.6% during the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock worth $108,488,000 after purchasing an additional 558,774 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 1.2 %

Shares of Fiserv stock opened at $208.90 on Friday. The business’s 50 day simple moving average is $209.02 and its 200-day simple moving average is $188.80. The stock has a market capitalization of $118.85 billion, a price-to-earnings ratio of 40.17, a PEG ratio of 1.37 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a twelve month low of $137.13 and a twelve month high of $223.23.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FI. Royal Bank of Canada raised their target price on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price objective on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group increased their price objective 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. The Goldman Sachs Group increased their price objective on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Finally, TD Cowen boosted their price objective 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. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Insider Activity at Fiserv

In related news, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the company’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 sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.

Fiserv Company 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.