Fiserv, Inc. (NYSE:FI) Shares Sold by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. trimmed its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 273,837 shares of the business services provider’s stock after selling 3,126 shares during the quarter. Fiserv comprises 2.3% of ZWJ Investment Counsel Inc.’s portfolio, making the stock its 12th largest position. ZWJ Investment Counsel Inc.’s holdings in Fiserv were worth $56,252,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Sanders Capital LLC acquired a new stake in Fiserv in the third quarter worth $764,543,000. FMR LLC increased its holdings in shares of Fiserv by 17.8% in the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after acquiring an additional 1,427,664 shares during the period. Maj Invest Holding A S bought a new stake in Fiserv in the 3rd quarter valued at about $172,993,000. Kovitz Investment Group Partners LLC boosted its stake in Fiserv by 788.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock valued at $109,700,000 after purchasing an additional 561,377 shares during the period. Finally, Mizuho Securities USA LLC grew its position in Fiserv by 1,238.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock worth $108,488,000 after purchasing an additional 558,774 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Activity

In other news, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction 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 sale, the director now directly owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,821 shares of company stock worth $18,581,095. 0.75% of the stock is owned by corporate insiders.

Fiserv Stock Performance

Shares of FI opened at $208.67 on Tuesday. Fiserv, Inc. has a one year low of $136.93 and a one year high of $223.23. The company has a 50-day moving average of $209.45 and a two-hundred day moving average of $187.30. 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 stock has a market cap of $118.71 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 1.32 and a beta of 0.94.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FI shares. Robert W. Baird lifted their price target on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. KeyCorp lifted their target price on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Oppenheimer increased their price target on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Barclays lifted their price objective on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Compass Point assumed coverage on shares of Fiserv in a research report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price for the company. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $224.00.

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.