Kenneth Best Sells 20,821 Shares of Fiserv, Inc. (NYSE:FI) Stock

Fiserv, Inc. (NYSE:FI) CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Fiserv Trading Down 1.1 %

Shares of NYSE FI traded down $2.31 during mid-day trading on Thursday, hitting $210.87. 2,283,461 shares of the company traded hands, compared to its average volume of 2,479,272. Fiserv, Inc. has a 1 year low of $121.86 and a 1 year high of $215.50. The stock has a market capitalization of $119.97 billion, a price-to-earnings ratio of 41.00, a PEG ratio of 1.64 and a beta of 0.92. 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 business has a 50 day moving average of $189.77 and a two-hundred day moving average of $167.73.

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

Analysts Set New Price Targets

FI has been the topic of several research reports. Tigress Financial upped their price target on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Citigroup upped their price target on Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. Oppenheimer initiated coverage on Fiserv in a research note on Tuesday, October 1st. They set an “outperform” rating and a $203.00 price objective for the company. KeyCorp upped 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. Finally, Susquehanna upped their price objective on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $207.25.

Institutional Investors Weigh In On Fiserv

Several hedge funds have recently modified their holdings of the stock. Quent Capital LLC lifted its stake in Fiserv by 5.9% in the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after acquiring an additional 68 shares in the last quarter. Empowered Funds LLC lifted its stake in Fiserv by 18.6% in the 1st quarter. Empowered Funds LLC now owns 7,628 shares of the business services provider’s stock worth $1,219,000 after acquiring an additional 1,199 shares in the last quarter. Entropy Technologies LP lifted its stake in Fiserv by 66.0% in the 1st quarter. Entropy Technologies LP now owns 4,269 shares of the business services provider’s stock worth $682,000 after acquiring an additional 1,698 shares in the last quarter. HBK Sorce Advisory LLC lifted its stake in Fiserv by 3.9% in the 1st quarter. HBK Sorce Advisory LLC now owns 7,032 shares of the business services provider’s stock worth $1,124,000 after acquiring an additional 267 shares in the last quarter. Finally, Trillium Asset Management LLC purchased a new stake in Fiserv in the 1st quarter worth about $206,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Company 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.