Bray Capital Advisors Sells 660 Shares of Fiserv, Inc. (NYSE:FI)

Bray Capital Advisors reduced its position in shares of Fiserv, Inc. (NYSE:FI) by 6.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,238 shares of the business services provider’s stock after selling 660 shares during the quarter. Bray Capital Advisors’ holdings in Fiserv were worth $1,839,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FI. Wellington Shields & Co. LLC bought a new stake in Fiserv during the first quarter worth $25,000. Family Firm Inc. bought a new stake in Fiserv during the second quarter worth $31,000. Clean Yield Group raised its position in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC raised its position in 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 in the last quarter. Finally, Newbridge Financial Services Group Inc. raised its position in Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after acquiring an additional 127 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Up 0.9 %

FI opened at $210.79 on Friday. The company’s 50 day moving average is $187.37 and its 200-day moving average is $166.39. Fiserv, Inc. has a 1-year low of $118.42 and a 1-year high of $212.84. 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 $119.92 billion, a P/E ratio of 40.54, a PEG ratio of 1.54 and a beta of 0.92.

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

Insider Activity

In other news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the sale, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the sale, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 257,890 shares of company stock worth $46,968,117. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

FI has been the topic of several research reports. UBS Group upped their price objective on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. BTIG Research initiated coverage on shares of Fiserv in a report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price objective on the stock. Tigress Financial upped their price objective on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Wells Fargo & Company upped their price objective on shares of Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Citigroup upped their price objective on shares of Fiserv from $187.00 to $226.00 in a report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $207.25.

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.