Matrix Asset Advisors Inc. NY Has $6.42 Million Stake in Fiserv, Inc. (NYSE:FI)

Matrix Asset Advisors Inc. NY trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 13.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,264 shares of the business services provider’s stock after selling 4,707 shares during the quarter. Matrix Asset Advisors Inc. NY’s holdings in Fiserv were worth $6,422,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. FMR LLC raised its stake in Fiserv by 17.8% in the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Sanders Capital LLC acquired a new stake in shares of Fiserv during the 3rd quarter valued at $764,543,000. Barclays PLC boosted its stake in shares of Fiserv by 3.0% during the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock valued at $302,737,000 after purchasing an additional 48,413 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Fiserv by 0.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock worth $236,739,000 after acquiring an additional 4,218 shares during the last quarter. Finally, Brandes Investment Partners LP grew its stake in shares of Fiserv by 10.3% in the second quarter. Brandes Investment Partners LP now owns 1,213,309 shares of the business services provider’s stock worth $180,835,000 after purchasing an additional 113,193 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Insider Transactions at Fiserv

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the transaction, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. Mizuho upped their target price on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods boosted their target price on Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. The Goldman Sachs Group upped their price objective on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Morgan Stanley raised their price objective on Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, Oppenheimer increased their target price on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Three research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

Fiserv Stock Performance

NYSE:FI opened at $213.02 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv, Inc. has a fifty-two week low of $137.13 and a fifty-two week high of $223.23. The firm has a market cap of $121.19 billion, a PE ratio of 40.96, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94. The business has a 50 day moving average price of $209.02 and a 200-day moving average price of $189.35.

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.