Fiserv, Inc. (NYSE:FI) Shares Sold by Resources Management Corp CT ADV

Resources Management Corp CT ADV trimmed its position in Fiserv, Inc. (NYSE:FI) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,138 shares of the business services provider’s stock after selling 425 shares during the period. Fiserv accounts for approximately 1.0% of Resources Management Corp CT ADV’s investment portfolio, making the stock its 24th biggest holding. Resources Management Corp CT ADV’s holdings in Fiserv were worth $7,570,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FI. Waypoint Capital Advisors LLC lifted its position in Fiserv by 1.7% during the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after purchasing an additional 51 shares during the period. Optas LLC lifted its holdings in shares of Fiserv by 1.7% in the 3rd quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after buying an additional 54 shares during the period. Cedar Mountain Advisors LLC boosted 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 last quarter. Covestor Ltd grew its holdings in Fiserv by 7.6% during the third quarter. Covestor Ltd now owns 832 shares of the business services provider’s stock worth $150,000 after acquiring an additional 59 shares during the period. Finally, West Bancorporation Inc. raised its position in Fiserv by 3.8% during the third quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider’s stock valued at $296,000 after acquiring an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of Fiserv 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 in the company, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The trade was a 4.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 235,821 shares of company stock worth $44,299,745. 0.75% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Morgan Stanley lifted their price objective on shares of Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Jefferies Financial Group raised their target price on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. BTIG Research assumed coverage on Fiserv in a report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price target for the company. Finally, Oppenheimer began coverage on Fiserv in a report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.50.

Fiserv Stock Performance

NYSE:FI opened at $202.91 on Tuesday. The company’s 50-day moving average is $204.15 and its two-hundred day moving average is $175.83. Fiserv, Inc. has a 1-year low of $131.41 and a 1-year high of $223.23. 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 firm has a market capitalization of $115.44 billion, a price-to-earnings ratio of 39.02, a PEG ratio of 1.58 and a beta of 0.93.

Fiserv (NYSE:FI) last released its quarterly earnings data 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 firm had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.96 earnings per share. 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.