Annex Advisory Services LLC Sells 458 Shares of Fiserv, Inc. (NYSE:FI)

Annex Advisory Services LLC lessened its position in Fiserv, Inc. (NYSE:FI) by 3.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 12,414 shares of the business services provider’s stock after selling 458 shares during the quarter. Annex Advisory Services LLC’s holdings in Fiserv were worth $2,550,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sanders Capital LLC bought a new position in shares of Fiserv in the 3rd quarter valued at about $764,543,000. FMR LLC grew its stake in Fiserv by 17.8% in the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Maj Invest Holding A S acquired a new position in shares of Fiserv during the 3rd quarter worth approximately $172,993,000. Kovitz Investment Group Partners LLC raised its stake in shares of Fiserv by 788.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after purchasing an additional 561,377 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its holdings in shares of Fiserv by 1,238.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after buying an additional 558,774 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 1.2 %

NYSE FI opened at $208.67 on Monday. The firm has a market capitalization of $118.71 billion, a PE ratio of 40.13, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. The business’s 50-day moving average price is $209.45 and its two-hundred day moving average price is $187.03. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 12 month low of $136.93 and a 12 month high of $223.23.

Fiserv (NYSE:FI) last released its earnings results 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 the consensus estimate of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.96 EPS. On average, analysts expect that Fiserv, Inc. will post 8.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FI. Wells Fargo & Company upped their price target on shares of Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday. Royal Bank of Canada lifted their price target on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Tigress Financial upped their price objective on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Susquehanna lifted their target price on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $224.00.

Insider Activity at Fiserv

In related news, Director Doyle Simons sold 40,000 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. This represents a 34.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction on Tuesday, November 12th. The shares were 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 approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 90,821 shares of company stock worth $18,581,095 over the last quarter. Company insiders own 0.75% of the company’s stock.

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.