Fiserv, Inc. (NYSE:FI) Stake Decreased by Brooktree Capital Management

Brooktree Capital Management cut its stake in Fiserv, Inc. (NYSE:FI) by 0.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,340 shares of the business services provider’s stock after selling 345 shares during the period. Fiserv comprises approximately 7.2% of Brooktree Capital Management’s portfolio, making the stock its 5th largest position. Brooktree Capital Management’s holdings in Fiserv were worth $8,864,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Quent Capital LLC grew its holdings in shares of Fiserv by 5.9% during the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after purchasing an additional 68 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Fiserv by 18.6% in the first quarter. Empowered Funds LLC now owns 7,628 shares of the business services provider’s stock worth $1,219,000 after buying an additional 1,199 shares during the period. Entropy Technologies LP lifted its stake in shares of Fiserv by 66.0% in the 1st quarter. Entropy Technologies LP now owns 4,269 shares of the business services provider’s stock valued at $682,000 after acquiring an additional 1,698 shares during the last quarter. HBK Sorce Advisory LLC boosted its holdings in Fiserv by 3.9% during the 1st quarter. HBK Sorce Advisory LLC now owns 7,032 shares of the business services provider’s stock valued at $1,124,000 after acquiring an additional 267 shares during the period. Finally, Trillium Asset Management LLC bought a new position in Fiserv during the 1st quarter worth approximately $206,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 0.3 %

Shares of FI stock opened at $213.92 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 12-month low of $121.86 and a 12-month high of $215.50. The stock has a market capitalization of $121.70 billion, a P/E ratio of 41.00, a P/E/G ratio of 1.64 and a beta of 0.92. The firm’s 50 day moving average is $189.77 and its 200 day moving average is $167.73.

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

Analyst Ratings Changes

A number of brokerages have issued reports on FI. Morgan Stanley raised their price target on shares of Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Robert W. Baird raised their target price on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. BTIG Research assumed coverage on Fiserv in a research report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price target for the company. Barclays boosted their target price on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Oppenheimer began coverage on Fiserv in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price target for the company. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.25.

Insider Activity at Fiserv

In related news, Director Doyle Simons sold 40,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the transaction, the director now owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 233,890 shares of company stock worth $43,008,837. Corporate insiders own 0.75% of the company’s stock.

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.