Banco Santander S.A. Reduces Stake in Fiserv, Inc. (NYSE:FI)

Banco Santander S.A. trimmed its position in shares of Fiserv, Inc. (NYSE:FI) by 13.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,196 shares of the business services provider’s stock after selling 188 shares during the quarter. Banco Santander S.A.’s holdings in Fiserv were worth $215,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FI. ORG Partners LLC grew its stake in Fiserv by 3,016.0% in the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock valued at $486,000 after acquiring an additional 3,197 shares during the last quarter. Maxwell Wealth Strategies Inc. lifted its holdings in shares of Fiserv by 23.6% in the third quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider’s stock valued at $2,696,000 after purchasing an additional 2,869 shares in the last quarter. Park Place Capital Corp grew its holdings 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 during the last quarter. Radnor Capital Management LLC acquired a new stake in shares of Fiserv during the third quarter valued at $1,543,000. Finally, BDF Gestion acquired a new stake in shares of Fiserv during the 2nd quarter worth about $2,981,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Barclays upped their price objective on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. increased their target price on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. BTIG Research started coverage on Fiserv in a report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price target for the company. TD Cowen raised their target price on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Compass Point started coverage on shares of Fiserv in a report on Wednesday. They issued a “buy” rating and a $278.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.29.

Fiserv Stock Performance

NYSE:FI opened at $221.56 on Friday. The firm has a 50-day moving average of $195.77 and a two-hundred day moving average of $170.87. 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 stock has a market cap of $126.05 billion, a P/E ratio of 42.61, a PEG ratio of 1.66 and a beta of 0.92. Fiserv, Inc. has a 1-year low of $125.42 and a 1-year high of $222.05.

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. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the prior year, the business posted $1.96 earnings per share. Fiserv’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, research analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 4.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the business’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 completion of the sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 235,821 shares of company stock valued at $44,299,745. 0.75% of the stock is currently owned by corporate insiders.

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.