AMI Investment Management Inc. Has $4.62 Million Position in Fiserv, Inc. (NYSE:FI)

AMI Investment Management Inc. trimmed its position in Fiserv, Inc. (NYSE:FI - Free Report) by 15.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,503 shares of the business services provider's stock after selling 4,051 shares during the quarter. Fiserv accounts for approximately 1.5% of AMI Investment Management Inc.'s portfolio, making the stock its 19th largest holding. AMI Investment Management Inc.'s holdings in Fiserv were worth $4,623,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Waypoint Capital Advisors LLC lifted its stake in Fiserv by 1.7% in the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider's stock worth $560,000 after acquiring an additional 51 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of Fiserv by 3.0% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider's stock valued at $360,000 after buying an additional 51 shares during the last quarter. Optas LLC lifted its stake in Fiserv by 1.7% in the third quarter. Optas LLC now owns 3,216 shares of the business services provider's stock valued at $578,000 after acquiring an additional 54 shares during the last quarter. Cedar Mountain Advisors LLC boosted its holdings in Fiserv by 42.5% in 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. Finally, Central Valley Advisors LLC raised its holdings in Fiserv by 0.5% during the fourth quarter. Central Valley Advisors LLC now owns 11,324 shares of the business services provider's stock valued at $2,326,000 after buying an additional 57 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fiserv

In related news, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction that occurred 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 sale, 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 SEC, which is available through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief accounting officer now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 90,821 shares of company stock valued at $18,581,095 in the last ninety days. 0.75% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on FI shares. JPMorgan Chase & Co. upped their price objective on shares of Fiserv from $199.00 to $227.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. The Goldman Sachs Group lifted their price target on Fiserv from $208.00 to $231.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd. Wells Fargo & Company lifted their target price on Fiserv from $220.00 to $240.00 and gave the stock an "overweight" rating in a research report on Thursday. Compass Point assumed 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. Finally, Royal Bank of Canada raised their target price on Fiserv from $183.00 to $224.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $224.00.

Fiserv Stock Performance

FI stock traded up $2.41 during trading hours on Monday, hitting $208.67. 2,579,770 shares of the stock were exchanged, compared to its average volume of 2,085,694. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $118.71 billion, a P/E ratio of 40.13, a P/E/G ratio of 1.32 and a beta of 0.94. Fiserv, Inc. has a 12 month low of $136.93 and a 12 month high of $223.23. The company has a 50-day simple moving average of $209.45 and a two-hundred day simple moving average of $187.30.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the prior year, the business posted $1.96 earnings per share. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. On average, analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

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.