Neumann Capital Management LLC Increases Stake in Fiserv, Inc. (NYSE:FI)

Neumann Capital Management LLC boosted its stake in Fiserv, Inc. (NYSE:FI) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,890 shares of the business services provider’s stock after purchasing an additional 150 shares during the quarter. Neumann Capital Management LLC’s holdings in Fiserv were worth $1,005,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Carmel Capital Management L.L.C. raised its holdings in shares of Fiserv by 25.2% during the 4th quarter. Carmel Capital Management L.L.C. now owns 46,610 shares of the business services provider’s stock valued at $9,575,000 after buying an additional 9,370 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its stake in shares of Fiserv by 1.8% during the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 180,029 shares of the business services provider’s stock valued at $37,135,000 after purchasing an additional 3,100 shares during the period. Brighton Jones LLC lifted its position in shares of Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after purchasing an additional 2,033 shares in the last quarter. Hengehold Capital Management LLC boosted its stake in shares of Fiserv by 29.1% in the fourth quarter. Hengehold Capital Management LLC now owns 4,656 shares of the business services provider’s stock valued at $956,000 after purchasing an additional 1,049 shares during the period. Finally, Donoghue Forlines LLC acquired a new stake in Fiserv during the 4th quarter valued at $2,152,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Down 1.5 %

NYSE:FI opened at $206.35 on Friday. The stock has a market cap of $117.40 billion, a price-to-earnings ratio of 39.68, a PEG ratio of 1.37 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv, Inc. has a 1 year low of $137.13 and a 1 year high of $223.23. The business has a fifty day moving average of $209.15 and a 200-day moving average of $188.28.

Fiserv (NYSE:FI) last posted 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. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the business earned $1.96 earnings per share. Equities analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

FI has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price objective on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Barclays increased their price target on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Morgan Stanley upped their target price on Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Royal Bank of Canada raised their price target on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Compass Point initiated coverage on shares of Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target on the stock. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $224.00.

Insider Activity

In related news, CAO Kenneth Best sold 20,821 shares of the company’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 value of $4,468,394.81. Following the completion of the sale, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 33,235 shares in the company, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. 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.