Buttonwood Financial Advisors Inc. Has $2.54 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Buttonwood Financial Advisors Inc. lowered its position in Fiserv, Inc. (NYSE:FI) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,371 shares of the business services provider’s stock after selling 558 shares during the quarter. Fiserv accounts for approximately 1.1% of Buttonwood Financial Advisors Inc.’s investment portfolio, making the stock its 26th largest position. Buttonwood Financial Advisors Inc.’s holdings in Fiserv were worth $2,541,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sanders Capital LLC acquired a new stake in Fiserv during the third quarter worth approximately $764,543,000. FMR LLC grew its stake in shares of Fiserv by 17.8% in the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after acquiring an additional 1,427,664 shares in the last quarter. Maj Invest Holding A S purchased a new position in Fiserv during the third quarter worth about $172,993,000. Kovitz Investment Group Partners LLC grew its position in Fiserv by 788.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after purchasing an additional 561,377 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its holdings in shares of Fiserv by 1,238.6% in the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after acquiring an additional 558,774 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Oppenheimer boosted their target price on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. TD Cowen raised their price target on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. BMO Capital Markets boosted their price target on shares of Fiserv from $222.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Wells Fargo & Company lifted their price target on Fiserv from $220.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Susquehanna lifted their target price on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, October 18th. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and a consensus price target of $224.00.

Insider Activity at Fiserv

In related news, Director Heidi Miller sold 30,000 shares of the firm’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 transaction, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This trade represents a 47.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction dated 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 directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by insiders.

Fiserv Stock Performance

Shares of FI opened at $208.90 on Monday. Fiserv, Inc. has a 12 month low of $137.13 and a 12 month high of $223.23. The business’s fifty day simple moving average is $209.02 and its two-hundred day simple moving average is $189.35. 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 company has a market cap of $118.85 billion, a price-to-earnings ratio of 40.17, a P/E/G ratio of 1.37 and a beta of 0.94.

Fiserv 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.