Fiserv, Inc. (NYSE:FI) Stock Holdings Increased by Carnegie Investment Counsel

Carnegie Investment Counsel raised its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 91.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,921 shares of the business services provider's stock after acquiring an additional 1,877 shares during the period. Carnegie Investment Counsel's holdings in Fiserv were worth $805,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FI. Clean Yield Group grew its holdings in shares of Fiserv by 431.3% during 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 during the period. Cedar Mountain Advisors LLC grew its stake 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 during the period. Kennebec Savings Bank purchased a new position in shares of Fiserv in the 3rd quarter valued at $40,000. Friedenthal Financial acquired a new position in shares of Fiserv during the 4th quarter valued at $49,000. Finally, Northwest Investment Counselors LLC purchased a new stake in Fiserv during the 3rd quarter worth $44,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

NYSE:FI traded up $2.41 during midday trading on Friday, reaching $208.67. 2,579,770 shares of the company 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. The company has a fifty day moving average price of $209.45 and a 200 day moving average price of $187.03. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv, Inc. has a twelve month low of $136.93 and a twelve month high of $223.23.

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

Analyst Ratings Changes

FI has been the subject of a number of recent research reports. Robert W. Baird increased their target price on Fiserv from $186.00 to $200.00 and gave the company an "outperform" rating in a research note on Monday, September 23rd. Stephens restated an "overweight" rating and issued a $255.00 target price on shares of Fiserv in a research note on Thursday, January 2nd. Barclays lifted their price target on shares of Fiserv from $185.00 to $215.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Compass Point started coverage on Fiserv in a research note on Wednesday, November 20th. They set a "buy" rating and a $278.00 target price for the company. Finally, Royal Bank of Canada boosted their price target on Fiserv from $183.00 to $224.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $224.00.

Insider Transactions at Fiserv

In related news, Director Doyle Simons sold 40,000 shares of the business's stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the sale, the director now owns 76,180 shares of the company's stock, valued at $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,821 shares of company stock worth $18,581,095. Company insiders own 0.75% of the company's stock.

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.