Fiserv, Inc. (NYSE:FI) Shares Sold by Cox Capital Mgt LLC

Cox Capital Mgt LLC lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 45.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,913 shares of the business services provider’s stock after selling 16,903 shares during the period. Fiserv accounts for approximately 2.6% of Cox Capital Mgt LLC’s holdings, making the stock its 11th biggest position. Cox Capital Mgt LLC’s holdings in Fiserv were worth $4,091,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Waypoint Capital Advisors LLC grew its position in shares of Fiserv by 1.7% during the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after acquiring an additional 51 shares during the last quarter. Optas LLC boosted its stake in Fiserv by 1.7% during the 3rd quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after purchasing an additional 54 shares during the period. Cedar Mountain Advisors LLC grew its position in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the last quarter. Covestor Ltd increased its stake in shares of Fiserv by 7.6% in the third quarter. Covestor Ltd now owns 832 shares of the business services provider’s stock valued at $150,000 after purchasing an additional 59 shares during the period. Finally, West Bancorporation Inc. raised its holdings in shares of 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 buying an additional 61 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insiders Place Their Bets

In related news, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the transaction, the director now owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This trade represents a 47.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction 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. In the last three months, insiders have sold 90,821 shares of company stock worth $18,581,095. Corporate insiders own 0.75% of the company’s stock.

Fiserv Trading Up 1.5 %

Shares of FI opened at $204.56 on Wednesday. The business’s 50-day moving average price is $209.69 and its 200 day moving average price is $186.07. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $116.38 billion, a P/E ratio of 39.34, a P/E/G ratio of 1.56 and a beta of 0.94. Fiserv, Inc. has a 1-year low of $135.97 and a 1-year high of $223.23.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping 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 firm’s quarterly 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. Analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FI. Mizuho increased their price objective on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Jefferies Financial Group increased their price target on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Compass Point began coverage on Fiserv in a report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price target on the stock. Barclays upped their price objective on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Fiserv has an average rating of “Moderate Buy” and a consensus price target of $223.17.

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.