Salvus Wealth Management LLC Sells 50 Shares of Fiserv, Inc. (NYSE:FI)

Salvus Wealth Management LLC lessened its stake in Fiserv, Inc. (NYSE:FI) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,541 shares of the business services provider’s stock after selling 50 shares during the period. Fiserv comprises about 2.0% of Salvus Wealth Management LLC’s holdings, making the stock its 14th largest holding. Salvus Wealth Management LLC’s holdings in Fiserv were worth $3,192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Clean Yield Group raised its holdings in Fiserv by 431.3% in 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 in the last quarter. Cedar Mountain Advisors LLC boosted its stake in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares during the last quarter. Newbridge Financial Services Group Inc. increased its holdings in Fiserv by 95.5% in the 2nd 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 in the last quarter. Kennebec Savings Bank purchased a new position in Fiserv in the third quarter worth about $40,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Fiserv in the 3rd quarter worth $44,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. TD Cowen raised their price objective on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods increased their price objective on shares of Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Barclays boosted their target price on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. The Goldman Sachs Group lifted their target price on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Finally, Royal Bank of Canada raised their price objective on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research note 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and an average price target of $224.00.

Fiserv Trading Up 1.0 %

FI opened at $206.21 on Friday. Fiserv, Inc. has a 12 month low of $136.48 and a 12 month high of $223.23. The stock has a market capitalization of $117.32 billion, a price-to-earnings ratio of 39.66, a PEG ratio of 1.32 and a beta of 0.94. 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 business has a fifty day moving average price of $209.55 and a 200 day moving average price of $186.20.

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

Insider Buying and Selling at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction that occurred on Tuesday, November 12th. The stock was 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 directly owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Heidi Miller sold 30,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the transaction, the director now owns 33,235 shares of the company’s stock, valued at $6,684,555.55. The trade was a 47.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,821 shares of company stock worth $18,581,095. 0.75% of the stock is owned by insiders.

Fiserv Company 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.