Fiserv, Inc. (NYSE:FI) Shares Sold by AMI Investment Management Inc.

AMI Investment Management Inc. lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 15.3% during the fourth quarter, HoldingsChannel reports. The fund owned 22,503 shares of the business services provider’s stock after selling 4,051 shares during the period. Fiserv comprises approximately 1.5% of AMI Investment Management Inc.’s investment portfolio, making the stock its 19th biggest holding. AMI Investment Management Inc.’s holdings in Fiserv were worth $4,623,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Soros Capital Management LLC increased its stake in Fiserv by 71.7% in the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after purchasing an additional 22,884 shares in the last quarter. Czech National Bank raised its stake in shares of Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after buying an additional 6,072 shares during the last quarter. Chiron Investment Management LLC purchased a new stake in shares of Fiserv in the 3rd quarter worth about $4,709,000. Cardano Risk Management B.V. acquired a new stake in Fiserv in the 4th quarter valued at about $97,254,000. Finally, Maxwell Wealth Strategies Inc. increased its holdings in Fiserv by 23.6% during the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider’s stock valued at $2,696,000 after acquiring an additional 2,869 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value 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. The trade was a 34.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the transaction, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,821 shares of company stock worth $18,581,095. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Trading Up 1.2 %

NYSE FI opened at $208.67 on Monday. The firm has a market capitalization of $118.71 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 1.32 and a beta of 0.94. 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, Inc. has a one year low of $136.93 and a one year high of $223.23. The company’s 50 day moving average price is $209.45 and its 200 day moving average price is $187.03.

Fiserv (NYSE:FI) last posted its earnings results 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 net margin of 15.22% and a return on equity of 17.10%. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the business posted $1.96 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts predict that Fiserv, Inc. will post 8.77 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FI. Mizuho upped their price target on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. 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. Wells Fargo & Company boosted their price target on Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday. Susquehanna increased their price objective on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, October 18th. Finally, The Goldman Sachs Group boosted their target price on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average target price of $224.00.

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.