Chicago Capital LLC boosted its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 135.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,360 shares of the business services provider's stock after buying an additional 4,809 shares during the period. Chicago Capital LLC's holdings in Fiserv were worth $1,717,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Valley National Advisers Inc. acquired a new position in Fiserv during the fourth quarter worth $29,000. Clean Yield Group lifted 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 during the last quarter. Cedar Mountain Advisors LLC boosted its position in Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider's stock valued at $34,000 after buying an additional 57 shares in the last quarter. Kennebec Savings Bank acquired a new position in Fiserv in the third quarter valued at about $40,000. Finally, Friedenthal Financial acquired a new stake in shares of Fiserv during the fourth quarter worth approximately $49,000. Institutional investors own 90.98% of the company's stock.
FI has been the subject of a number of recent analyst reports. Citigroup lifted their price objective on Fiserv from $230.00 to $233.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Stephens reaffirmed an "overweight" rating and issued a $255.00 price target on shares of Fiserv in a report on Thursday, January 2nd. KeyCorp increased their price objective on shares of Fiserv from $180.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Mizuho boosted their target price on shares of Fiserv from $183.00 to $222.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their target price 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. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $224.00.
View Our Latest Research Report on Fiserv
Shares of FI stock opened at $216.07 on Monday. The firm's fifty day moving average price is $208.72 and its two-hundred day moving average price is $191.19. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 1 year low of $137.13 and a 1 year high of $223.23. The firm has a market capitalization of $122.93 billion, a P/E ratio of 41.55, a PEG ratio of 1.42 and a beta of 0.94.
In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.75% of the stock is currently owned by corporate insiders.
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.
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