Fiserv, Inc. (NYSE:FI) Shares Sold by HF Advisory Group LLC

HF Advisory Group LLC decreased its position in Fiserv, Inc. (NYSE:FI) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,932 shares of the business services provider’s stock after selling 486 shares during the period. HF Advisory Group LLC’s holdings in Fiserv were worth $808,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of FI. Kimelman & Baird LLC purchased a new position in Fiserv during the second quarter worth approximately $60,000. Intech Investment Management LLC raised its stake in shares of Fiserv by 27.6% during the 2nd quarter. Intech Investment Management LLC now owns 54,399 shares of the business services provider’s stock worth $8,108,000 after buying an additional 11,768 shares during the period. Brighton Jones LLC lifted its position in shares of Fiserv by 25.1% during the 2nd quarter. Brighton Jones LLC now owns 3,201 shares of the business services provider’s stock valued at $477,000 after buying an additional 643 shares in the last quarter. Ieq Capital LLC grew its stake in Fiserv by 7.9% in the 2nd quarter. Ieq Capital LLC now owns 32,422 shares of the business services provider’s stock valued at $4,832,000 after acquiring an additional 2,366 shares during the period. Finally, Bridges Investment Management Inc. raised its position in Fiserv by 173.2% during the second quarter. Bridges Investment Management Inc. now owns 18,507 shares of the business services provider’s stock worth $2,758,000 after acquiring an additional 11,732 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other news, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the transaction, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the company’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 transaction of $4,468,394.81. Following the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,821 shares of company stock worth $18,581,095 over the last ninety days. Company insiders own 0.75% of the company’s stock.

Fiserv Stock Up 1.2 %

Shares of FI opened at $208.67 on Friday. 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 firm has a market cap of $118.71 billion, a P/E ratio of 40.13, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. The company’s 50-day moving average price is $209.45 and its 200 day moving average price is $186.76. Fiserv, Inc. has a 12-month low of $136.93 and a 12-month high of $223.23.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the business posted $1.96 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, sell-side analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. KeyCorp lifted their target price on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Mizuho boosted their price objective on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Royal Bank of Canada lifted their price target on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Tigress Financial increased their price objective on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Three equities research 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 company’s stock. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Fiserv 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.