Matrix Asset Advisors Inc. NY Has $6.46 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Matrix Asset Advisors Inc. NY cut its holdings in shares of Fiserv, Inc. (NYSE:FI) by 3.1% in the third quarter, Holdings Channel reports. The institutional investor owned 35,971 shares of the business services provider’s stock after selling 1,137 shares during the quarter. Matrix Asset Advisors Inc. NY’s holdings in Fiserv were worth $6,462,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of FI. Ritholtz Wealth Management boosted its holdings in Fiserv by 16.1% in the 3rd quarter. Ritholtz Wealth Management now owns 4,112 shares of the business services provider’s stock valued at $739,000 after purchasing an additional 569 shares during the period. Asio Capital LLC acquired a new position in shares of Fiserv during the third quarter valued at about $2,591,000. Lion Street Advisors LLC bought a new stake in shares of Fiserv in the third quarter valued at about $222,000. Valeo Financial Advisors LLC grew its position in Fiserv by 1.7% during the third quarter. Valeo Financial Advisors LLC now owns 4,545 shares of the business services provider’s stock worth $817,000 after buying an additional 75 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Fiserv by 45.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 22,571 shares of the business services provider’s stock valued at $4,055,000 after acquiring an additional 7,062 shares during the period. 90.98% of the stock is owned by institutional investors.

Insider Activity at Fiserv

In related news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,350,427.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 211,890 shares of company stock worth $36,572,057 over the last 90 days. Insiders own 0.75% of the company’s stock.

Fiserv Price Performance

FI opened at $190.35 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $109.59 billion, a P/E ratio of 32.93, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. The company’s 50 day simple moving average is $173.30 and its 200-day simple moving average is $159.91. Fiserv, Inc. has a one year low of $109.11 and a one year high of $191.23.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.03. The firm had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.81 EPS. Sell-side analysts anticipate that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FI. Citigroup raised Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods boosted their price target on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Robert W. Baird raised their price objective on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. William Blair raised shares of Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Finally, StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $178.84.

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.