Soltis Investment Advisors LLC Has $4.29 Million Holdings in Fiserv, Inc. (NYSE:FI)

Soltis Investment Advisors LLC increased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 843.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 20,861 shares of the business services provider’s stock after acquiring an additional 18,651 shares during the period. Soltis Investment Advisors LLC’s holdings in Fiserv were worth $4,285,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sanders Capital LLC acquired a new position in Fiserv during the third quarter valued at approximately $764,543,000. FMR LLC grew its position 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 valued at $1,696,341,000 after acquiring an additional 1,427,664 shares during the period. Kovitz Investment Group Partners LLC increased its stake in shares of Fiserv by 788.7% during 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 during the last quarter. Mizuho Securities USA LLC raised its holdings in shares of Fiserv by 1,238.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after purchasing an additional 558,774 shares during the period. Finally, Cardano Risk Management B.V. acquired a new stake in Fiserv in the 4th quarter valued at about $97,254,000. 90.98% of the stock is owned by institutional investors.

Insider Transactions at Fiserv

In other Fiserv 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 completion of the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.75% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FI. Oppenheimer upped their price objective on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Tigress Financial increased their price target on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group lifted their price objective on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Morgan Stanley raised their target price on shares of Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, BMO Capital Markets increased their price target on shares of Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $235.91.

Fiserv Stock Down 0.5 %

FI stock opened at $230.18 on Monday. The firm has a 50-day moving average price of $209.01 and a 200-day moving average price of $193.52. The stock has a market capitalization of $130.95 billion, a P/E ratio of 42.71, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a 12 month low of $142.14 and a 12 month high of $233.26. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, equities research analysts anticipate that Fiserv, Inc. will post 10.22 EPS for the current fiscal year.

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.