Fiserv, Inc. (NYSE:FI) Shares Sold by Sargent Investment Group LLC

Sargent Investment Group LLC trimmed its holdings in Fiserv, Inc. (NYSE:FI) by 4.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,400 shares of the business services provider’s stock after selling 195 shares during the quarter. Sargent Investment Group LLC’s holdings in Fiserv were worth $790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Wellington Shields & Co. LLC purchased a new position in Fiserv in the first quarter valued at about $25,000. Family Firm Inc. bought a new position in shares of Fiserv in the 2nd quarter valued at approximately $31,000. Clean Yield Group boosted 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 purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC raised its position in shares of Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares during the period. Finally, Newbridge Financial Services Group Inc. boosted its holdings in shares of Fiserv by 95.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after buying an additional 127 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other Fiserv news, EVP John Gibbons sold 18,890 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the sale, the director now owns 33,235 shares of the company’s stock, valued at $6,684,555.55. 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 233,890 shares of company stock worth $43,008,837. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

FI traded down $1.69 during trading on Thursday, reaching $211.49. The company’s stock had a trading volume of 496,071 shares, compared to its average volume of 2,471,188. The company’s fifty day moving average price is $189.77 and its 200-day moving average price is $167.73. The company has a market capitalization of $120.32 billion, a price-to-earnings ratio of 41.00, a price-to-earnings-growth ratio of 1.64 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv, Inc. has a 52-week low of $121.86 and a 52-week high of $215.50.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping the consensus estimate 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 net margin of 15.22% and a return on equity of 17.10%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.96 earnings per share. On average, equities analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Citigroup lifted their price objective on Fiserv from $187.00 to $226.00 in a report on Tuesday, October 22nd. The Goldman Sachs Group increased their price target on Fiserv from $188.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. KeyCorp boosted their price objective on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Tigress Financial raised their price objective on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Finally, BTIG Research assumed coverage on Fiserv in a report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and an average target price 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.