Romano Brothers AND Company Reduces Holdings in Fiserv, Inc. (NYSE:FI)

Romano Brothers AND Company cut its holdings in shares of Fiserv, Inc. (NYSE:FI) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,927 shares of the business services provider’s stock after selling 325 shares during the period. Fiserv makes up 1.9% of Romano Brothers AND Company’s holdings, making the stock its 10th biggest holding. Romano Brothers AND Company’s holdings in Fiserv were worth $15,186,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC boosted its holdings in Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Fiserv by 1.9% in the second quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider’s stock valued at $687,489,000 after acquiring an additional 85,598 shares in the last quarter. Sanders Capital LLC purchased a new stake in shares of Fiserv during the third quarter valued at approximately $764,543,000. Barclays PLC lifted its holdings in Fiserv by 3.0% during the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after acquiring an additional 48,413 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Fiserv by 0.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock worth $236,739,000 after purchasing an additional 4,218 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FI shares. Compass Point started coverage on shares of Fiserv in a report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective on the stock. Mizuho raised their price objective on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. The Goldman Sachs Group boosted their target price on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, Citigroup boosted their price objective on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Three investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

Insiders Place Their Bets

In related news, Director Heidi Miller sold 30,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,821 shares of company stock worth $18,581,095 in the last three months. 0.75% of the stock is owned by company insiders.

Fiserv Trading Up 1.2 %

Fiserv stock opened at $208.67 on Friday. The business has a 50-day simple moving average of $209.45 and a two-hundred day simple moving average of $186.76. Fiserv, Inc. has a 52-week low of $136.93 and a 52-week high of $223.23. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The company has a market cap of $118.71 billion, a P/E ratio of 40.13, a P/E/G ratio of 1.32 and a beta of 0.94.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.96 EPS. Analysts predict 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.