Fiserv, Inc. (NYSE:FI) Shares Sold by Smithbridge Asset Management Inc. DE

Smithbridge Asset Management Inc. DE decreased its holdings in Fiserv, Inc. (NYSE:FI) by 6.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 51,118 shares of the business services provider’s stock after selling 3,476 shares during the quarter. Fiserv comprises about 1.6% of Smithbridge Asset Management Inc. DE’s investment portfolio, making the stock its 18th largest holding. Smithbridge Asset Management Inc. DE’s holdings in Fiserv were worth $9,183,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Bessemer Group Inc. grew its stake in shares of Fiserv by 67.2% during the first quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock worth $519,690,000 after purchasing an additional 1,306,901 shares in the last quarter. Capital World Investors increased its holdings in shares of Fiserv by 7.4% in the 1st quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock valued at $3,011,031,000 after acquiring an additional 1,303,078 shares during the last quarter. Maj Invest Holding A S acquired a new stake in shares of Fiserv during the 3rd quarter worth about $172,993,000. Manning & Napier Advisors LLC purchased a new stake in Fiserv during the second quarter worth approximately $105,031,000. Finally, American Century Companies Inc. boosted its position in shares of Fiserv by 1,642.5% in the 2nd quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock valued at $74,556,000 after purchasing an additional 471,531 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other Fiserv news, Director Doyle Simons sold 40,000 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the sale, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Fiserv news, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the sale, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the transaction, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 227,890 shares of company stock valued at $40,934,217 over the last quarter. Corporate insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the subject of a number of research reports. Susquehanna boosted their price objective on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, October 18th. Morgan Stanley increased their price target on shares of Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. TD Cowen raised their price objective on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. KeyCorp upped their target price on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, UBS Group raised their price target on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $204.38.

Fiserv Price Performance

Shares of NYSE:FI opened at $200.99 on Monday. The firm has a market capitalization of $115.71 billion, a price-to-earnings ratio of 38.37, a price-to-earnings-growth ratio of 1.53 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.06. The business’s 50 day simple moving average is $180.68 and its 200-day simple moving average is $162.78. Fiserv, Inc. has a 12 month low of $111.53 and a 12 month high of $204.50.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.04. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. Fiserv’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.96 earnings per share. As a group, equities analysts forecast that Fiserv, Inc. will post 8.77 earnings per share 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.