Swiss National Bank Sells 11,400 Shares of Fiserv, Inc. (NYSE:FI)

Swiss National Bank cut its position in shares of Fiserv, Inc. (NYSE:FI) by 0.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,736,686 shares of the business services provider’s stock after selling 11,400 shares during the period. Swiss National Bank owned approximately 0.31% of Fiserv worth $311,996,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Waypoint Capital Advisors LLC increased its holdings in shares of Fiserv by 1.7% in the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after acquiring an additional 51 shares during the period. Optas LLC increased its holdings in shares of Fiserv by 1.7% in the 3rd quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after acquiring an additional 54 shares during the period. Cedar Mountain Advisors LLC increased its holdings in shares of Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the period. Covestor Ltd increased its holdings in shares of Fiserv by 7.6% in the 3rd quarter. Covestor Ltd now owns 832 shares of the business services provider’s stock valued at $150,000 after acquiring an additional 59 shares during the period. Finally, West Bancorporation Inc. increased its holdings in shares of Fiserv by 3.8% in the 3rd quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider’s stock valued at $296,000 after acquiring an additional 61 shares during the period. 90.98% of the stock is owned by institutional investors.

Insider Activity at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction dated 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 transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This represents a 40.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 254,711 shares of company stock worth $47,477,232 in the last 90 days. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

NYSE FI opened at $210.92 on Friday. The stock has a 50-day simple moving average of $191.36 and a two-hundred day simple moving average of $168.54. The firm has a market capitalization of $120.00 billion, a P/E ratio of 40.56, a PEG ratio of 1.61 and a beta of 0.92. Fiserv, Inc. has a fifty-two week low of $121.86 and a fifty-two week high of $215.50. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $1.96 EPS. On average, equities analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Analyst Ratings Changes

FI has been the topic of a number of analyst reports. Citigroup lifted their price target on Fiserv from $187.00 to $226.00 in a report on Tuesday, October 22nd. Robert W. Baird raised their price objective on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Wells Fargo & Company raised their price objective on Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group raised their price objective on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Four research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average 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.