Fiserv, Inc. (NYSE:FI) Holdings Cut by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC lowered its position in Fiserv, Inc. (NYSE:FI - Free Report) by 25.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 521,957 shares of the business services provider's stock after selling 175,212 shares during the quarter. Fiserv comprises approximately 1.2% of Manning & Napier Advisors LLC's portfolio, making the stock its 28th largest holding. Manning & Napier Advisors LLC owned approximately 0.09% of Fiserv worth $107,220,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kimelman & Baird LLC purchased a new position in Fiserv during the 2nd quarter valued at $60,000. Susquehanna Fundamental Investments LLC purchased a new position in Fiserv in the 2nd quarter worth approximately $2,206,000. Driehaus Capital Management LLC bought a new stake in shares of Fiserv in the second quarter worth about $237,000. Creative Planning boosted its position in shares of Fiserv by 1.8% during the 2nd quarter. Creative Planning now owns 141,756 shares of the business services provider's stock valued at $21,127,000 after acquiring an additional 2,548 shares during the last quarter. Finally, Regal Investment Advisors LLC increased its holdings in shares of Fiserv by 5.3% in the 2nd quarter. Regal Investment Advisors LLC now owns 8,767 shares of the business services provider's stock worth $1,307,000 after buying an additional 445 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on FI. Citigroup lifted their price target on shares of Fiserv from $230.00 to $233.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. BMO Capital Markets increased their price objective on Fiserv from $222.00 to $232.00 and gave the company an "outperform" rating in a report on Monday, November 18th. Wells Fargo & Company upped their price target on shares of Fiserv from $220.00 to $240.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Seaport Res Ptn raised shares of Fiserv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Finally, TD Cowen upped their price target on Fiserv from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Three equities research 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 company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $224.00.

Fiserv Stock Up 1.6 %

Fiserv stock traded up $3.40 during midday trading on Thursday, hitting $215.91. 2,501,813 shares of the stock were exchanged, compared to its average volume of 2,512,683. Fiserv, Inc. has a 1 year low of $137.13 and a 1 year high of $223.23. 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 firm has a market cap of $122.84 billion, a P/E ratio of 41.52, a P/E/G ratio of 1.37 and a beta of 0.94. The company has a 50 day moving average price of $208.86 and a two-hundred day moving average price of $190.36.

Insider Activity at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction dated 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 sale, the chief accounting officer now owns 38,771 shares of the company's stock, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.75% of the stock is owned by corporate insiders.

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.