Birch Hill Investment Advisors LLC Sells 12,682 Shares of Fiserv, Inc. (NYSE:FI)

Birch Hill Investment Advisors LLC trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 2.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 606,827 shares of the business services provider’s stock after selling 12,682 shares during the period. Fiserv comprises 5.1% of Birch Hill Investment Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Birch Hill Investment Advisors LLC owned 0.10% of Fiserv worth $109,016,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wellington Shields & Co. LLC acquired a new stake in Fiserv in the first quarter valued at $25,000. Family Firm Inc. acquired a new stake in Fiserv in the second quarter valued at $31,000. Clean Yield Group raised its holdings in Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 138 shares in the last quarter. ZRC Wealth Management LLC acquired a new stake in Fiserv in the first quarter valued at $32,000. Finally, Quarry LP acquired a new stake in Fiserv in the fourth quarter valued at $36,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $154.86, for a total value of $3,716,640.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $25,350,427.14. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $154.86, for a total value of $3,716,640.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $25,350,427.14. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the transaction, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 211,890 shares of company stock worth $36,572,057 in the last 90 days. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of several recent research reports. TD Cowen boosted their target price on shares of Fiserv from $182.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Citigroup upgraded shares of Fiserv to a “strong-buy” rating in a research note on Thursday, July 25th. Oppenheimer started coverage on shares of Fiserv in a research note on Tuesday, October 1st. They set an “outperform” rating and a $203.00 target price for the company. BMO Capital Markets upped their price target on shares of Fiserv from $175.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Finally, BTIG Research started coverage on shares of Fiserv in a research report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $178.84.

Fiserv Price Performance

FI stock opened at $190.35 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a one year low of $109.11 and a one year high of $191.23. The firm has a market capitalization of $109.59 billion, a PE ratio of 32.93, a P/E/G ratio of 1.44 and a beta of 0.93. The firm has a 50-day moving average of $173.30 and a two-hundred day moving average of $159.91.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same period in the prior year, the firm earned $1.81 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. On average, analysts forecast that Fiserv, Inc. will post 8.74 earnings per share for the current year.

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.