Retireful LLC Buys Shares of 3,467 Fiserv, Inc. (NYSE:FI)

Retireful LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,467 shares of the business services provider's stock, valued at approximately $712,000.

Several other hedge funds have also made changes to their positions in FI. Clean Yield Group boosted its stake 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 during the period. Cedar Mountain Advisors LLC boosted its position 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 worth $34,000 after buying an additional 57 shares during the period. Newbridge Financial Services Group Inc. boosted 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 buying an additional 127 shares during the period. Kennebec Savings Bank bought a new position in Fiserv in the 3rd quarter worth approximately $40,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Fiserv in the 3rd quarter valued at approximately $44,000. Institutional investors own 90.98% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on FI. Oppenheimer boosted their price target on Fiserv from $214.00 to $239.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. BMO Capital Markets upped their price objective on shares of Fiserv from $222.00 to $232.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. Stephens reissued an "overweight" rating and set a $255.00 target price on shares of Fiserv in a research note on Thursday, January 2nd. Morgan Stanley upped their price target on shares of Fiserv from $220.00 to $258.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company raised their price objective on shares of Fiserv from $220.00 to $240.00 and gave the company an "overweight" rating in a research note 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 company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $224.00.

Fiserv Trading Up 1.2 %

Fiserv stock traded up $2.41 during midday trading on Friday, reaching $208.67. The stock had a trading volume of 2,579,770 shares, compared to its average volume of 2,432,215. Fiserv, Inc. has a twelve month low of $136.93 and a twelve month 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 $118.71 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 1.32 and a beta of 0.94. The firm's fifty day simple moving average is $209.49 and its two-hundred day simple moving average is $186.34.

Fiserv (NYSE:FI - Get Free Report) last issued its 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 analysts' expectations of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. Fiserv's revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.96 earnings per share. Equities analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Insider Activity

In other news, Director Heidi Miller sold 30,000 shares of the business's stock in a transaction on Wednesday, October 30th. The shares were 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 in the company, valued at $6,684,555.55. The trade was a 47.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Doyle Simons sold 40,000 shares of the 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 sale, the director now owns 76,180 shares of the company's stock, valued at approximately $15,386,074.60. This represents a 34.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,821 shares of company stock worth $18,581,095 in the last 90 days. Company insiders own 0.75% of the company's stock.

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.