Exchange Traded Concepts LLC Grows Stake in Fiserv, Inc. (NYSE:FI)

Exchange Traded Concepts LLC lifted its stake in Fiserv, Inc. (NYSE:FI) by 34.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,090 shares of the business services provider’s stock after buying an additional 3,318 shares during the period. Exchange Traded Concepts LLC’s holdings in Fiserv were worth $2,689,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Clean Yield Group boosted its position in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC boosted its holdings 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 purchasing an additional 57 shares during the last quarter. Kennebec Savings Bank acquired a new stake in Fiserv during the 3rd quarter valued at approximately $40,000. Friedenthal Financial purchased a new stake in Fiserv during the 4th quarter worth approximately $49,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Fiserv in the 3rd quarter valued at approximately $44,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling

In other news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was 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 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 SEC, which is available through this link. Also, Director Heidi Miller sold 30,000 shares of the business’s 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 sale, the director now directly owns 33,235 shares in the company, valued at $6,684,555.55. This trade represents a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

Fiserv Price Performance

Shares of NYSE:FI opened at $208.90 on Friday. The stock has a market cap of $118.85 billion, a price-to-earnings ratio of 40.17, a PEG ratio of 1.37 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. Fiserv, Inc. has a 12 month low of $137.13 and a 12 month high of $223.23. The stock’s 50 day moving average price is $209.02 and its 200 day moving average price is $188.80.

Analyst Ratings Changes

A number of analysts recently issued reports on FI shares. Jefferies Financial Group lifted their price target on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Barclays upped their target price on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Susquehanna boosted their price objective on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a report on Friday, October 18th. Oppenheimer increased their target price on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. 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 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $224.00.

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.