Focused Investors LLC Sells 16,300 Shares of Fiserv, Inc. (NYSE:FI)

Focused Investors LLC reduced its stake in Fiserv, Inc. (NYSE:FI) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,246,200 shares of the business services provider’s stock after selling 16,300 shares during the quarter. Fiserv makes up 6.8% of Focused Investors LLC’s investment portfolio, making the stock its 3rd largest holding. Focused Investors LLC owned approximately 0.22% of Fiserv worth $223,880,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in FI. Price T Rowe Associates Inc. MD lifted its holdings in shares of Fiserv by 0.9% during 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 buying an additional 417,459 shares during the last quarter. Capital World Investors increased its position in Fiserv by 7.4% during 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 Fiserv by 0.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider’s stock valued at $1,069,204,000 after purchasing an additional 64,332 shares during the period. Legal & General Group Plc grew its position in Fiserv by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider’s stock worth $687,489,000 after purchasing an additional 85,598 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Fiserv by 67.2% during the 1st quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock worth $519,690,000 after purchasing an additional 1,306,901 shares during the period. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 0.0 %

FI stock opened at $210.92 on Friday. Fiserv, Inc. has a one year low of $121.86 and a one year high of $215.50. The stock has a market cap of $120.00 billion, a price-to-earnings ratio of 40.56, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92. The company has a fifty day moving average price of $191.36 and a two-hundred day moving average price of $168.54. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping the consensus estimate of $2.26 by $0.04. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Fiserv’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.96 EPS. Equities analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Activity

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction 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 in the company, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. This represents a 40.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 254,711 shares of company stock valued at $47,477,232. 0.75% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. B. Riley increased their target price on shares of Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Susquehanna lifted their price objective on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, October 18th. JPMorgan Chase & Co. boosted their price objective on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. William Blair raised Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Four research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $209.74.

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.