WESCAP Management Group Inc. Trims Position in Fiserv, Inc. (NYSE:FI)

WESCAP Management Group Inc. decreased its holdings in Fiserv, Inc. (NYSE:FI) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,340 shares of the business services provider’s stock after selling 284 shares during the quarter. WESCAP Management Group Inc.’s holdings in Fiserv were worth $2,935,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. FMR LLC boosted its holdings in 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 acquiring an additional 1,427,664 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Fiserv by 0.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider’s stock worth $1,069,204,000 after purchasing an additional 64,332 shares during the last quarter. Legal & General Group Plc boosted its stake in Fiserv by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider’s stock worth $687,489,000 after purchasing an additional 85,598 shares in the last quarter. Sanders Capital LLC purchased a new stake in Fiserv during the 3rd quarter valued at about $764,543,000. Finally, Dimensional Fund Advisors LP grew its position in Fiserv by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,960,012 shares of the business services provider’s stock valued at $441,173,000 after purchasing an additional 225,159 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Down 5.5 %

Shares of NYSE:FI opened at $204.07 on Friday. Fiserv, Inc. has a 12-month low of $130.09 and a 12-month high of $223.23. The company has a market cap of $116.10 billion, a PE ratio of 39.24, a price-to-earnings-growth ratio of 1.65 and a beta of 0.93. The stock has a 50 day moving average of $203.11 and a 200 day moving average of $174.76. 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 (NYSE:FI) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.96 earnings per share. As a group, equities research analysts expect that Fiserv, Inc. will post 8.77 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FI. BMO Capital Markets upped their target price on shares of Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. The Goldman Sachs Group boosted their price objective on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday. Barclays increased 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. Robert W. Baird increased their price objective on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Finally, Susquehanna boosted their target price on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, October 18th. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $215.25.

Insiders Place Their Bets

In other Fiserv 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 transaction 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 $15,386,074.60. This trade represents a 34.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 in the company, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 235,821 shares of company stock worth $44,299,745. 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.