Fiserv, Inc. (NYSE:FI) Stock Holdings Lessened by Carderock Capital Management Inc.

Carderock Capital Management Inc. lessened its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,555 shares of the business services provider's stock after selling 2,162 shares during the period. Fiserv makes up approximately 2.7% of Carderock Capital Management Inc.'s investment portfolio, making the stock its 7th largest position. Carderock Capital Management Inc.'s holdings in Fiserv were worth $10,590,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FI. Clean Yield Group raised its stake in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider's stock worth $31,000 after purchasing an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC grew its position in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider's stock worth $34,000 after buying an additional 57 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in Fiserv by 95.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider's stock worth $39,000 after acquiring an additional 127 shares during the period. Kennebec Savings Bank acquired a new position in Fiserv in the 3rd quarter valued at $40,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Fiserv during the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Mizuho raised their price target on Fiserv from $183.00 to $222.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Susquehanna boosted their target price on shares of Fiserv from $190.00 to $230.00 and gave the company a "positive" rating in a research report on Friday, October 18th. JPMorgan Chase & Co. increased their price target on shares of Fiserv from $199.00 to $227.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. BMO Capital Markets boosted their price objective on shares of Fiserv from $222.00 to $232.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. Finally, Wells Fargo & Company raised their target price on Fiserv from $220.00 to $240.00 and gave the company an "overweight" rating in a report on Thursday. Three investment 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $224.00.

Insiders Place Their Bets

In other news, Director Heidi Miller sold 30,000 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly owns 33,235 shares of the company's stock, valued at $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 on 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 completion of 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 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. Corporate insiders own 0.75% of the company's stock.

Fiserv Trading Up 1.2 %

NYSE:FI traded up $2.41 on Friday, reaching $208.67. 2,579,770 shares of the stock traded hands, compared to its average volume of 2,085,694. The firm has a market capitalization of $118.71 billion, a price-to-earnings ratio of 40.13, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. Fiserv, Inc. has a 1-year low of $136.93 and a 1-year high of $223.23. 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 company's 50 day moving average is $209.45 and its 200-day moving average is $186.76.

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

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.