USAdvisors Wealth Management LLC Takes Position in Fiserv, Inc. (NYSE:FI)

USAdvisors Wealth Management LLC bought a new position in Fiserv, Inc. (NYSE:FI) in the 4th quarter, Holdings Channel.com reports. The fund bought 1,572 shares of the business services provider’s stock, valued at approximately $322,000.

A number of other institutional investors have also bought and sold shares of FI. Mount Yale Investment Advisors LLC boosted its stake in shares of Fiserv by 1.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock valued at $848,000 after purchasing an additional 50 shares during the period. Waypoint Capital Advisors LLC lifted its holdings in Fiserv by 1.7% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after buying an additional 51 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in Fiserv by 3.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock valued at $360,000 after buying an additional 51 shares during the period. Optas LLC grew its stake in Fiserv by 1.7% in the 3rd quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock worth $578,000 after acquiring an additional 54 shares in the last quarter. Finally, Cedar Mountain Advisors LLC increased 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 acquiring an additional 57 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In other news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction 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 sale, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is currently owned by company insiders.

Fiserv Trading Up 0.5 %

NYSE FI opened at $212.82 on Thursday. Fiserv, Inc. has a 12-month low of $137.13 and a 12-month high of $223.23. The company has a fifty day simple moving average of $208.96 and a two-hundred day simple moving average of $190.20. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a market cap of $121.08 billion, a P/E ratio of 40.93, a P/E/G ratio of 1.37 and a beta of 0.94.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FI shares. Wells Fargo & Company increased their price objective on Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Morgan Stanley increased their price target on Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group lifted their price objective on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Stephens reiterated an “overweight” rating and set a $255.00 target price on shares of Fiserv in a report on Thursday, January 2nd. Finally, Barclays boosted their price target on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Three equities 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’s stock. Based on data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average price target 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.