Fiserv, Inc. (NYSE:FI) Shares Sold by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 0.7% during the third quarter, Holdings Channel reports. The firm owned 82,507 shares of the business services provider’s stock after selling 602 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Fiserv were worth $14,822,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norden Group LLC bought a new stake in shares of Fiserv in the 1st quarter worth $2,359,000. ORG Partners LLC lifted its holdings in Fiserv by 3,016.0% in the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock valued at $486,000 after acquiring an additional 3,197 shares during the last quarter. ZRC Wealth Management LLC acquired a new position in shares of Fiserv in the 1st quarter worth approximately $32,000. Park Place Capital Corp lifted its stake in Fiserv by 66.3% during the third quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock valued at $1,259,000 after purchasing an additional 2,794 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Fiserv by 377.3% during the first quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock worth $9,047,000 after buying an additional 44,776 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Fiserv

In other Fiserv news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction on 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 directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other 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 sale, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 227,890 shares of company stock worth $40,934,217. 0.75% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FI shares. BTIG Research initiated coverage on Fiserv in a report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 target price on the stock. Stephens lifted their price target on Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Tigress Financial boosted their price target on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday. Wells Fargo & Company lifted their price objective on shares of Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Mizuho increased their target price on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $207.25.

Fiserv Stock Performance

Shares of NYSE FI traded up $0.08 during trading hours on Tuesday, hitting $201.50. 116,765 shares of the company’s stock were exchanged, compared to its average volume of 2,468,712. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.06. The company’s 50-day moving average price is $181.35 and its 200-day moving average price is $163.11. The stock has a market capitalization of $116.01 billion, a price-to-earnings ratio of 38.63, a PEG ratio of 1.53 and a beta of 0.93. Fiserv, Inc. has a 1-year low of $111.53 and a 1-year high of $204.50.

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. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company 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 business earned $1.96 earnings per share. Fiserv’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, sell-side analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

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.