Baker Ellis Asset Management LLC Lowers Stock Holdings in Fiserv, Inc. (NYSE:FI)

Baker Ellis Asset Management LLC lowered its holdings in Fiserv, Inc. (NYSE:FI) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,665 shares of the business services provider’s stock after selling 165 shares during the period. Fiserv accounts for 1.3% of Baker Ellis Asset Management LLC’s investment portfolio, making the stock its 22nd biggest position. Baker Ellis Asset Management LLC’s holdings in Fiserv were worth $8,764,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FI. Sanders Capital LLC purchased a new stake in shares of Fiserv in the third quarter worth about $764,543,000. FMR LLC boosted its position in shares of Fiserv by 17.8% in the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after buying an additional 1,427,664 shares during the period. Maj Invest Holding A S purchased a new stake in shares of Fiserv in the third quarter worth about $172,993,000. Kovitz Investment Group Partners LLC boosted its position in shares of Fiserv by 788.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after buying an additional 561,377 shares during the period. Finally, Mizuho Securities USA LLC boosted its position in shares of Fiserv by 1,238.6% in the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock worth $108,488,000 after buying an additional 558,774 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now owns 33,235 shares in the company, valued at $6,684,555.55. This trade represents a 47.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction dated 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 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. 0.75% of the stock is owned by corporate insiders.

Fiserv Trading Up 0.2 %

Shares of NYSE:FI opened at $209.48 on Thursday. The company has a market cap of $119.18 billion, a P/E ratio of 40.28, a P/E/G ratio of 1.37 and a beta of 0.94. The stock’s 50-day moving average is $209.23 and its 200-day moving average is $188.13. Fiserv, Inc. has a 52-week low of $137.13 and a 52-week high of $223.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.04. The company had revenue of $5.22 billion for 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% compared to the same quarter last year. During the same period last year, the business posted $1.96 earnings per share. Equities research analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. UBS Group boosted their price target on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. KeyCorp upped their target price on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Royal Bank of Canada upped their target price on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Stephens reaffirmed an “overweight” rating and set a $255.00 target price on shares of Fiserv in a report on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.