Generate Investment Management Ltd Reduces Stock Holdings in Fiserv, Inc. (NYSE:FI)

Generate Investment Management Ltd lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 31.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,743 shares of the business services provider’s stock after selling 52,968 shares during the period. Fiserv makes up 1.6% of Generate Investment Management Ltd’s holdings, making the stock its 19th biggest position. Generate Investment Management Ltd’s holdings in Fiserv were worth $23,571,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FI. Dynamic Advisor Solutions LLC boosted its position in Fiserv by 4.4% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 9,247 shares of the business services provider’s stock worth $1,661,000 after purchasing an additional 393 shares in the last quarter. Atomi Financial Group Inc. boosted its holdings in Fiserv by 18.2% during the third quarter. Atomi Financial Group Inc. now owns 4,894 shares of the business services provider’s stock worth $879,000 after buying an additional 753 shares in the last quarter. Brookstone Capital Management grew its position in Fiserv by 17.2% during the third quarter. Brookstone Capital Management now owns 40,306 shares of the business services provider’s stock valued at $7,241,000 after buying an additional 5,927 shares during the period. Daymark Wealth Partners LLC purchased a new position in Fiserv in the third quarter valued at $201,000. Finally, Hexagon Capital Partners LLC raised its position in shares of Fiserv by 30.7% in the third quarter. Hexagon Capital Partners LLC now owns 583 shares of the business services provider’s stock worth $105,000 after acquiring an additional 137 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction 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 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 through this hyperlink. Company insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the topic of a number of analyst reports. Citigroup raised their target price on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods boosted their price objective on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday. Morgan Stanley increased their target price on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research report on Thursday. Susquehanna boosted their price target on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, October 18th. Finally, Wells Fargo & Company increased their price objective on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and an average target price of $232.13.

Fiserv Price Performance

Shares of FI stock opened at $231.05 on Friday. The firm’s 50-day moving average is $208.82 and its two-hundred day moving average is $192.78. The company has a market capitalization of $131.45 billion, a PE ratio of 44.43, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv, Inc. has a 12 month low of $140.26 and a 12 month high of $232.25.

Fiserv (NYSE:FI) last issued its quarterly earnings data 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 net margin of 15.22% and a return on equity of 17.10%. Analysts predict that Fiserv, Inc. will post 8.77 earnings per share 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.