Penserra Capital Management LLC Has $18.72 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Penserra Capital Management LLC trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 14.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,209 shares of the business services provider’s stock after selling 16,981 shares during the period. Penserra Capital Management LLC’s holdings in Fiserv were worth $18,720,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of FI. ORG Partners LLC grew its stake in Fiserv by 3,016.0% in the second quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock valued at $486,000 after purchasing an additional 3,197 shares in the last quarter. Maxwell Wealth Strategies Inc. grew its stake in Fiserv by 23.6% in the third quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider’s stock valued at $2,696,000 after purchasing an additional 2,869 shares in the last quarter. Park Place Capital Corp grew its stake in Fiserv by 66.3% in 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 in the last quarter. Radnor Capital Management LLC purchased a new position in Fiserv in the third quarter valued at about $1,543,000. Finally, BDF Gestion purchased a new position in Fiserv in the second quarter valued at about $2,981,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Fiserv

In other news, CEO Frank Bisignano sold 145,000 shares of the 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 completion of the transaction, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This represents a 4.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the stock in a transaction that occurred on 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 directly owns 38,771 shares of the company’s stock, valued at approximately $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 ninety days, insiders sold 235,821 shares of company stock valued at $44,299,745. Corporate insiders own 0.75% of the company’s stock.

Fiserv Trading Up 1.9 %

Fiserv stock opened at $221.56 on Friday. The business has a 50 day moving average price of $195.77 and a two-hundred day moving average price of $170.87. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a market cap of $126.05 billion, a price-to-earnings ratio of 42.61, a price-to-earnings-growth ratio of 1.66 and a beta of 0.92. Fiserv, Inc. has a 12 month low of $125.42 and a 12 month high of $222.05.

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

Analyst Ratings Changes

A number of research analysts have commented on FI shares. Robert W. Baird boosted their target price on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Wells Fargo & Company upped their price target on Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price target on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Oppenheimer initiated coverage on Fiserv in a research note on Tuesday, October 1st. They set an “outperform” rating and a $203.00 price target for the company. Finally, UBS Group upped their price target on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus target price of $214.29.

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.