Fiserv, Inc. (NYSE:FI) is River Global Investors LLP’s 9th Largest Position

River Global Investors LLP cut its stake in shares of Fiserv, Inc. (NYSE:FI) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,111 shares of the business services provider’s stock after selling 302 shares during the quarter. Fiserv accounts for about 2.1% of River Global Investors LLP’s investment portfolio, making the stock its 9th largest holding. River Global Investors LLP’s holdings in Fiserv were worth $9,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. ORG Partners LLC raised its position in shares of Fiserv by 3,016.0% in the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock worth $486,000 after acquiring an additional 3,197 shares in the last quarter. Park Place Capital Corp increased its position in Fiserv by 66.3% during the 3rd quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock valued at $1,259,000 after buying an additional 2,794 shares in the last quarter. Radnor Capital Management LLC bought a new position in Fiserv during the 3rd quarter valued at approximately $1,543,000. Acadian Asset Management LLC boosted its stake in Fiserv by 377.3% during the 1st quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock valued at $9,047,000 after purchasing an additional 44,776 shares during the last quarter. Finally, Choate Investment Advisors boosted its stake in Fiserv by 80.6% during the 1st quarter. Choate Investment Advisors now owns 81,441 shares of the business services provider’s stock valued at $13,016,000 after purchasing an additional 36,347 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. The trade was a 0.00 % 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. In other Fiserv news, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 76,180 shares in the company, valued at $15,386,074.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $27,005,424.03. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 257,890 shares of company stock valued at $46,968,117. 0.75% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on FI shares. BTIG Research started coverage on Fiserv in a research note on Wednesday, August 28th. They set a “buy” rating and a $200.00 target price on the stock. Stephens increased their target price on Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Robert W. Baird increased their target price on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Morgan Stanley increased their target price on Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods raised their price target on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $207.25.

Fiserv Price Performance

NYSE:FI traded up $1.83 on Friday, reaching $210.70. 1,761,528 shares of the company’s stock traded hands, compared to its average volume of 2,811,641. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a 50-day simple moving average of $187.37 and a 200-day simple moving average of $166.39. The firm has a market cap of $119.87 billion, a PE ratio of 40.52, a P/E/G ratio of 1.61 and a beta of 0.92. Fiserv, Inc. has a 12 month low of $118.42 and a 12 month high of $212.84.

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