Foundations Investment Advisors LLC Decreases Stock Position in Fiserv, Inc. (NYSE:FI)

Foundations Investment Advisors LLC reduced its stake in Fiserv, Inc. (NYSE:FI) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,578 shares of the business services provider’s stock after selling 82 shares during the period. Foundations Investment Advisors LLC’s holdings in Fiserv were worth $940,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of FI. Clean Yield Group increased its stake in shares of Fiserv by 431.3% in 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 during the period. Cedar Mountain Advisors LLC grew its holdings in 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 acquiring an additional 57 shares during the last quarter. Kennebec Savings Bank purchased a new position in shares of Fiserv in the third quarter valued at about $40,000. Friedenthal Financial bought a new position in shares of Fiserv during the fourth quarter valued at about $49,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Fiserv during the third quarter worth about $44,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. The Goldman Sachs Group upped their price target on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Barclays upped their target price on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Stephens reiterated an “overweight” rating and issued a $255.00 price target on shares of Fiserv in a report on Thursday, January 2nd. Citigroup upped their price objective on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Three equities research 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’s stock. Based on data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and a consensus target price of $224.00.

Insider Activity at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.75% of the stock is currently owned by insiders.

Fiserv Stock Performance

Shares of FI stock opened at $212.82 on Thursday. The company’s 50-day moving average is $208.96 and its 200 day moving average is $190.20. Fiserv, Inc. has a one year low of $137.13 and a one year high of $223.23. 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 company has a market capitalization of $121.08 billion, a price-to-earnings ratio of 40.93, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94.

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.