Fiserv, Inc. (NYSE:FI) Shares Sold by River Street Advisors LLC

River Street Advisors LLC trimmed its position in shares of Fiserv, Inc. (NYSE:FI) by 2.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,720 shares of the business services provider’s stock after selling 50 shares during the period. River Street Advisors LLC’s holdings in Fiserv were worth $309,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Quent Capital LLC raised its stake in shares of Fiserv by 5.9% in the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after acquiring an additional 68 shares in the last quarter. Nwam LLC acquired a new stake in shares of Fiserv in the first quarter valued at $239,000. M&G Plc purchased a new position in Fiserv in the first quarter valued at $10,068,000. Acadian Asset Management LLC increased its holdings in Fiserv by 377.3% in the first quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock valued at $9,047,000 after buying an additional 44,776 shares during the last quarter. Finally, Ironsides Asset Advisors LLC increased its holdings in Fiserv by 11.6% in the first quarter. Ironsides Asset Advisors LLC now owns 3,695 shares of the business services provider’s stock valued at $591,000 after buying an additional 385 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of FI stock traded up $0.07 during midday trading on Friday, reaching $210.92. 2,279,330 shares of the company traded hands, compared to its average volume of 2,478,375. The firm’s 50 day simple moving average is $191.36 and its two-hundred day simple moving average is $168.43. Fiserv, Inc. has a 1-year low of $121.86 and a 1-year high of $215.50. 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 firm has a market cap of $120.00 billion, a PE ratio of 40.56, a price-to-earnings-growth ratio of 1.63 and a beta of 0.92.

Fiserv (NYSE:FI) last posted 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 during the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the firm earned $1.96 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts expect that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Royal Bank of Canada increased their target price on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Jefferies Financial Group increased their target price on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Morgan Stanley increased their target price on Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Tigress Financial raised their price objective on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group raised their price objective on Fiserv from $188.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Four investment 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $207.25.

Insider Activity

In other Fiserv news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction that occurred 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 approximately $4,764,211.83. The trade was a 40.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of Fiserv 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 completion of the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 254,711 shares of company stock worth $47,477,232. Company 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.