IAM Advisory LLC Invests $273,000 in Fiserv, Inc. (NYSE:FI)

IAM Advisory LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,328 shares of the business services provider's stock, valued at approximately $273,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Clean Yield Group grew its holdings in Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider's stock valued at $31,000 after purchasing an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC grew its stake in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider's stock valued at $34,000 after acquiring an additional 57 shares in the last quarter. Newbridge Financial Services Group Inc. increased its position in shares of Fiserv by 95.5% during the second 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 last quarter. Kennebec Savings Bank acquired a new position in shares of Fiserv in the third quarter worth about $40,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Fiserv during the 3rd quarter valued at approximately $44,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Up 1.2 %

Shares of FI traded up $2.41 during mid-day trading on Friday, hitting $208.67. 2,579,770 shares of the company's stock were exchanged, compared to its average volume of 2,085,694. The company has a 50-day simple moving average of $209.45 and a 200 day simple moving average 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. The company 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. Fiserv, Inc. has a 52 week low of $136.93 and a 52 week high of $223.23.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.96 earnings per share. On average, research analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other 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 value of $6,033,900.00. Following the completion of the sale, the director now directly owns 33,235 shares in the company, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Doyle Simons sold 40,000 shares of the firm's stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the transaction, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,821 shares of company stock valued at $18,581,095. Company insiders own 0.75% of the company's stock.

Analysts Set New Price Targets

FI has been the topic of a number of research analyst reports. Royal Bank of Canada increased their target price on Fiserv from $183.00 to $224.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Jefferies Financial Group increased their target price on shares of Fiserv from $195.00 to $200.00 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. Susquehanna raised their price target on shares of Fiserv from $190.00 to $230.00 and gave the stock a "positive" rating in a research report on Friday, October 18th. Citigroup raised their target price 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, Wells Fargo & Company upped 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 assigned a strong buy rating to the stock. According to data from MarketBeat, Fiserv has an average rating of "Moderate Buy" and a consensus target price of $224.00.

About Fiserv

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.