Fiserv, Inc. (NYSE:FI) Stake Lowered by Capital Investment Services of America Inc.

Capital Investment Services of America Inc. cut its stake in Fiserv, Inc. (NYSE:FI) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 240,024 shares of the business services provider’s stock after selling 6,250 shares during the period. Fiserv makes up approximately 4.7% of Capital Investment Services of America Inc.’s holdings, making the stock its 2nd largest holding. Capital Investment Services of America Inc.’s holdings in Fiserv were worth $49,306,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of FI. FMR LLC grew 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 valued at $1,696,341,000 after purchasing an additional 1,427,664 shares during the last quarter. Sanders Capital LLC acquired a new stake in Fiserv during the 3rd quarter valued at $764,543,000. Barclays PLC raised its holdings in shares of Fiserv by 3.0% in 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 last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of 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 valued at $236,739,000 after acquiring an additional 4,218 shares in the last quarter. Finally, National Pension Service raised its stake in Fiserv by 9.2% in the 3rd quarter. National Pension Service now owns 1,112,168 shares of the business services provider’s stock valued at $199,801,000 after purchasing an additional 93,508 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. The trade was a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.75% of the company’s stock.

Fiserv Trading Up 6.8 %

Shares of NYSE FI opened at $228.83 on Thursday. 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 stock’s 50 day moving average price is $208.45 and its two-hundred day moving average price is $192.25. Fiserv, Inc. has a 52-week low of $137.13 and a 52-week high of $231.61. The stock has a market capitalization of $130.19 billion, a P/E ratio of 44.01, a PEG ratio of 1.42 and a beta of 0.94.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. On average, analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FI has been the subject of a number of analyst reports. Jefferies Financial Group boosted their price objective on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Mizuho raised 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. Morgan Stanley upped their target price on Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Tigress Financial lifted their price target on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Finally, Susquehanna raised their target price on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, October 18th. Three 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, Fiserv has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

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.