Certified Advisory Corp Reduces Stake in Fiserv, Inc. (NYSE:FI)

Certified Advisory Corp lessened its position in shares of Fiserv, Inc. (NYSE:FI) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,238 shares of the business services provider’s stock after selling 82 shares during the quarter. Certified Advisory Corp’s holdings in Fiserv were worth $1,121,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wellington Shields & Co. LLC bought a new stake in shares of Fiserv during the 1st quarter valued at $25,000. Family Firm Inc. bought a new stake in Fiserv during the second quarter valued at about $31,000. Clean Yield Group increased its position in Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC raised its stake 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 worth $34,000 after buying an additional 57 shares during the period. Finally, Newbridge Financial Services Group Inc. raised its stake in shares of Fiserv by 95.5% in the second 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 own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FI. The Goldman Sachs Group increased their target price on shares of Fiserv from $188.00 to $208.00 and gave the stock a “neutral” rating in a report 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. TD Cowen upped their target price on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Jefferies Financial Group raised their price target on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Finally, Compass Point started coverage on Fiserv in a research note on Wednesday. They issued a “buy” rating and a $278.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $214.29.

Insider Buying and Selling

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the 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 sale, the director now owns 33,235 shares in the company, valued at $6,684,555.55. This trade represents a 47.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 235,821 shares of company stock valued at $44,299,745. Company insiders own 0.75% of the company’s stock.

Fiserv Price Performance

NYSE:FI opened at $221.56 on Friday. The firm has a market capitalization of $126.05 billion, a price-to-earnings ratio of 42.61, a PEG ratio of 1.66 and a beta of 0.92. 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 business has a 50 day simple moving average of $195.77 and a 200-day simple moving average of $170.87. 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 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the company earned $1.96 earnings per share. Fiserv’s revenue was up 7.0% on a year-over-year basis. Equities analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current year.

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.