Graybill Wealth Management LTD. Reduces Stock Position in Fiserv, Inc. (NYSE:FI)

Graybill Wealth Management LTD. trimmed its position in Fiserv, Inc. (NYSE:FI) by 1.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,441 shares of the business services provider’s stock after selling 652 shares during the period. Fiserv accounts for about 2.6% of Graybill Wealth Management LTD.’s investment portfolio, making the stock its 15th biggest holding. Graybill Wealth Management LTD.’s holdings in Fiserv were worth $6,906,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norden Group LLC bought a new stake in shares of Fiserv during the 1st quarter worth $2,359,000. ORG Partners LLC lifted its stake in shares of 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 buying an additional 3,197 shares during the period. ZRC Wealth Management LLC bought a new stake in Fiserv in the first quarter valued at about $32,000. Park Place Capital Corp increased its holdings in shares of Fiserv by 66.3% during the third quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock worth $1,259,000 after buying an additional 2,794 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in Fiserv by 377.3% in the 1st quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock valued at $9,047,000 after acquiring an additional 44,776 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FI has been the topic of a number of recent research reports. William Blair raised shares of Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. TD Cowen raised their price target on Fiserv from $182.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $183.00 price target on shares of Fiserv in a report on Wednesday, October 2nd. Oppenheimer began coverage on shares of Fiserv in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price objective for the company. Finally, KeyCorp upped their price objective on Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Three 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 company’s stock. According to MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $189.83.

Insider Buying and Selling at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the firm’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 transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $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 187,890 shares of company stock worth $32,855,417 over the last quarter. 0.75% of the stock is currently owned by company insiders.

Fiserv Stock Performance

FI stock traded down $2.03 during trading on Tuesday, hitting $195.14. 1,126,101 shares of the company traded hands, compared to its average volume of 2,462,995. The company has a market cap of $114.18 billion, a PE ratio of 36.11, a P/E/G ratio of 1.44 and a beta of 0.93. 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’s 50-day simple moving average is $177.77 and its 200 day simple moving average is $161.51. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $198.86.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same period last year, the company posted $1.81 EPS. Fiserv’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities analysts expect that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

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.