Oppenheimer Asset Management Inc. Sells 30,960 Shares of Fiserv, Inc. (NYSE:FI)

Oppenheimer Asset Management Inc. decreased its position in Fiserv, Inc. (NYSE:FI) by 34.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 59,347 shares of the business services provider’s stock after selling 30,960 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Fiserv were worth $10,662,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Bessemer Group Inc. boosted its position in shares of Fiserv by 67.2% in the first quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock valued at $519,690,000 after acquiring an additional 1,306,901 shares during the period. Capital World Investors lifted its stake 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 third quarter valued at about $172,993,000. Manning & Napier Advisors LLC bought a new stake in Fiserv during the 2nd quarter worth approximately $105,031,000. Finally, American Century Companies Inc. grew its stake in shares of Fiserv by 1,642.5% in the second quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock worth $74,556,000 after purchasing an additional 471,531 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the sale, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $3,177,486.90. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The trade was 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 valued at $43,008,837. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Down 0.4 %

FI stock opened at $213.18 on Thursday. Fiserv, Inc. has a 12 month low of $121.86 and a 12 month high of $215.50. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $121.28 billion, a P/E ratio of 41.00, a price-to-earnings-growth ratio of 1.64 and a beta of 0.92. The firm’s fifty day simple moving average is $188.98 and its 200-day simple moving average is $167.41.

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays lifted their target price on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. William Blair raised shares of Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Wells Fargo & Company upped their price target on Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Royal Bank of Canada boosted their target price on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Mizuho increased their price target on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Four research 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 stock. According to data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus price target of $207.25.

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.