Radnor Capital Management LLC Sells 1,064 Shares of Fiserv, Inc. (NYSE:FI)

Radnor Capital Management LLC lowered its stake in shares of Fiserv, Inc. (NYSE:FI) by 12.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,524 shares of the business services provider’s stock after selling 1,064 shares during the period. Radnor Capital Management LLC’s holdings in Fiserv were worth $1,546,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FI. M. Kraus & Co boosted its stake in shares of Fiserv by 0.7% in the 4th quarter. M. Kraus & Co now owns 46,247 shares of the business services provider’s stock worth $9,500,000 after buying an additional 300 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Fiserv during the 4th quarter valued at about $94,000. Park Avenue Securities LLC grew its stake in shares of Fiserv by 30.4% during the 4th quarter. Park Avenue Securities LLC now owns 20,367 shares of the business services provider’s stock valued at $4,184,000 after purchasing an additional 4,745 shares during the period. Kathmere Capital Management LLC increased its position in shares of Fiserv by 7.5% during the 4th quarter. Kathmere Capital Management LLC now owns 1,294 shares of the business services provider’s stock valued at $266,000 after purchasing an additional 90 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Fiserv by 289.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 575,829 shares of the business services provider’s stock worth $118,287,000 after purchasing an additional 428,048 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 1.5 %

Shares of FI opened at $204.56 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $116.38 billion, a price-to-earnings ratio of 39.34, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94. Fiserv, Inc. has a 1 year low of $135.97 and a 1 year high of $223.23. The business’s 50 day simple moving average is $209.69 and its 200-day simple moving average is $186.07.

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

Insider Activity at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Doyle Simons sold 40,000 shares of the 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 sale, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,821 shares of company stock valued at $18,581,095. Insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

FI has been the subject of a number of research reports. Barclays upped their target price on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. raised their target price on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Royal Bank of Canada lifted their target price on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Morgan Stanley raised their price objective on Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, Compass Point initiated coverage on Fiserv in a research note on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective for the company. Three equities research 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $223.17.

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.