Cadinha & Co. LLC Grows Stock Holdings in Fiserv, Inc. (NYSE:FI)

Cadinha & Co. LLC raised its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 798.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,758 shares of the business services provider's stock after acquiring an additional 80,651 shares during the quarter. Fiserv comprises 3.1% of Cadinha & Co. LLC's investment portfolio, making the stock its 15th biggest holding. Cadinha & Co. LLC's holdings in Fiserv were worth $18,644,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. FMR LLC lifted its position in shares of Fiserv by 17.8% during 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 during the period. Legal & General Group Plc increased its stake in Fiserv by 1.9% in the second quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider's stock valued at $687,489,000 after purchasing an additional 85,598 shares in the last quarter. Sanders Capital LLC acquired a new position in shares of Fiserv during the third quarter valued at about $764,543,000. Barclays PLC boosted its position in shares of Fiserv by 3.0% during the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider's stock worth $302,737,000 after purchasing an additional 48,413 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Fiserv by 0.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider's stock valued at $236,739,000 after buying an additional 4,218 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FI. Barclays upped their price target on Fiserv from $185.00 to $215.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Tigress Financial upped 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. Mizuho lifted their price target on shares of Fiserv from $183.00 to $222.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Compass Point started coverage on shares of Fiserv in a report on Wednesday, November 20th. They set a "buy" rating and a $278.00 price objective on the stock. Finally, Oppenheimer raised their price objective on shares of Fiserv from $214.00 to $239.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Three analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $224.00.

Fiserv Stock Performance

FI traded up $2.41 during midday trading on Friday, reaching $208.67. The company had a trading volume of 2,579,770 shares, compared to its average volume of 2,085,694. Fiserv, Inc. has a 12-month low of $136.93 and a 12-month high of $223.23. The business has a 50-day moving average price of $209.45 and a two-hundred day moving average price of $187.03. The stock has a market cap of $118.71 billion, a PE ratio of 40.13, a P/E/G ratio of 1.32 and a beta of 0.94. 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 (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating 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%. Fiserv's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.96 earnings per share. On average, sell-side analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In other Fiserv news, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction dated 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 transaction, the director now owns 33,235 shares of the company's stock, valued at $6,684,555.55. The trade was a 47.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Kenneth Best sold 20,821 shares of the 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 in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,821 shares of company stock worth $18,581,095. Company insiders own 0.75% of the company's stock.

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.