Thrivent Financial for Lutherans Has $34.25 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Thrivent Financial for Lutherans trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 0.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 190,623 shares of the business services provider’s stock after selling 1,269 shares during the period. Thrivent Financial for Lutherans’ holdings in Fiserv were worth $34,246,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

A number of research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Robert W. Baird upped their price target on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Citigroup upped their price target on Fiserv from $187.00 to $226.00 in a research note 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 target for the company. Finally, Barclays upped their price target on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Four analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $211.52.

Fiserv Stock Performance

Shares of Fiserv stock opened at $215.15 on Wednesday. The firm has a market cap of $122.40 billion, a price-to-earnings ratio of 41.38, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92. The stock’s 50-day moving average is $193.02 and its 200-day moving average is $169.59. Fiserv, Inc. has a one year low of $121.86 and a one year high of $216.93. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last issued 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 company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.96 earnings per share. Equities analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Activity

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 transaction, the director now owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 235,821 shares of company stock worth $44,299,745 over the last three months. Corporate insiders own 0.75% of the company’s stock.

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.