Generate Investment Management Ltd Sells 3,267 Shares of Fiserv, Inc. (NYSE:FI)

Generate Investment Management Ltd cut its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 167,711 shares of the business services provider’s stock after selling 3,267 shares during the quarter. Fiserv comprises about 2.0% of Generate Investment Management Ltd’s holdings, making the stock its 13th largest position. Generate Investment Management Ltd’s holdings in Fiserv were worth $30,129,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Shields & Co. LLC acquired a new stake in shares of Fiserv in the first quarter valued at about $25,000. Family Firm Inc. acquired a new stake in Fiserv during the 2nd quarter valued at approximately $31,000. Clean Yield Group raised its holdings in Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the last quarter. ZRC Wealth Management LLC acquired a new position in shares of Fiserv in the 1st quarter worth approximately $32,000. Finally, Cedar Mountain Advisors LLC boosted its stake 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 purchasing an additional 57 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Performance

Shares of FI opened at $197.30 on Friday. The firm has a market capitalization of $115.44 billion, a P/E ratio of 36.88, a P/E/G ratio of 1.44 and a beta of 0.93. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $198.86. The stock has a 50 day moving average price of $177.05 and a two-hundred day moving average price of $161.16. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06.

Fiserv (NYSE:FI) last announced its quarterly earnings results 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. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter in the prior year, the company posted $1.81 earnings per share. Fiserv’s revenue was up 7.4% compared to the same quarter last year. Equities analysts forecast that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of analyst reports. Barclays lifted their target price on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. William Blair raised Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. Morgan Stanley boosted their price objective on Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday. Citigroup raised Fiserv to a “strong-buy” rating in a research note on Thursday, July 25th. Finally, Robert W. Baird boosted their price target on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and an average target price of $187.92.

Insider Activity

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the sale, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 187,890 shares of company stock worth $32,855,417 over the last quarter. 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.