IFM Investors Pty Ltd Sells 2,048 Shares of Fiserv, Inc. (NYSE:FI)

IFM Investors Pty Ltd trimmed its position in shares of Fiserv, Inc. (NYSE:FI) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 122,037 shares of the business services provider’s stock after selling 2,048 shares during the period. IFM Investors Pty Ltd’s holdings in Fiserv were worth $21,924,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Fiserv by 0.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 44,720,962 shares of the business services provider’s stock worth $7,147,305,000 after acquiring an additional 417,459 shares during the period. Capital World Investors boosted its holdings in shares of Fiserv by 7.4% in the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock worth $3,011,031,000 after acquiring an additional 1,303,078 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Fiserv by 0.9% in the second 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 acquiring an additional 64,332 shares during the period. Legal & General Group Plc boosted its holdings in shares of Fiserv by 1.9% in the second quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider’s stock worth $687,489,000 after acquiring an additional 85,598 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of Fiserv by 67.2% in the first quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock worth $519,690,000 after acquiring an additional 1,306,901 shares during the period. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Up 0.4 %

Shares of NYSE FI traded up $0.81 during trading hours on Thursday, hitting $203.17. The company’s stock had a trading volume of 671,944 shares, compared to its average volume of 2,475,986. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $118.88 billion, a price-to-earnings ratio of 37.82, a P/E/G ratio of 1.44 and a beta of 0.93. Fiserv, Inc. has a 12 month low of $111.53 and a 12 month high of $204.50. The business has a 50-day simple moving average of $179.29 and a 200-day simple moving average of $162.09.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.04. The business had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.96 EPS. On average, analysts anticipate that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FI has been the subject of a number of analyst reports. Robert W. Baird raised their price target on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. The Goldman Sachs Group lifted their price objective on Fiserv from $188.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday. B. Riley lifted their price objective on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. William Blair raised Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Finally, Mizuho lifted their price objective on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.08.

Insider Buying and Selling at Fiserv

In other Fiserv 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 directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. The trade was 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 the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at $27,005,424.03. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 187,890 shares of company stock valued at $32,855,417. 0.75% of the stock is currently owned by corporate insiders.

Fiserv 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.