Accent Capital Management LLC Sells 3,397 Shares of Fiserv, Inc. (NYSE:FI)

Accent Capital Management LLC decreased its position in Fiserv, Inc. (NYSE:FI) by 84.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 639 shares of the business services provider’s stock after selling 3,397 shares during the quarter. Accent Capital Management LLC’s holdings in Fiserv were worth $115,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Adero Partners LLC boosted its stake in Fiserv by 3.3% in the third quarter. Adero Partners LLC now owns 2,370 shares of the business services provider’s stock valued at $426,000 after acquiring an additional 76 shares during the last quarter. RIA Advisory Group LLC acquired a new position in shares of Fiserv in the 3rd quarter valued at $1,288,000. Maxwell Wealth Strategies Inc. boosted its position in shares of Fiserv by 23.6% in the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider’s stock worth $2,696,000 after purchasing an additional 2,869 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of Fiserv by 5.2% during the third quarter. Natixis Advisors LLC now owns 462,137 shares of the business services provider’s stock worth $83,023,000 after purchasing an additional 22,913 shares during the period. Finally, Mizuho Securities USA LLC increased its holdings in 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 valued at $108,488,000 after purchasing an additional 558,774 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Up 0.0 %

Fiserv stock opened at $210.92 on Friday. The company has a market cap of $120.00 billion, a price-to-earnings ratio of 40.56, a P/E/G ratio of 1.61 and a beta of 0.92. The firm has a 50-day moving average of $191.36 and a 200-day moving average of $168.54. 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 one year low of $121.86 and a one year high of $215.50.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating 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 firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the prior year, the firm posted $1.96 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. This trade represents a 40.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Doyle Simons sold 40,000 shares of the company’s 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 owns 76,180 shares in the company, valued at $15,386,074.60. This represents a 34.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 254,711 shares of company stock worth $47,477,232. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FI shares. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Robert W. Baird lifted their price objective on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. The Goldman Sachs Group upped their target price on shares of Fiserv from $188.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. B. Riley lifted their price target on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, UBS Group boosted their price target on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $209.74.

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.