Fiserv, Inc. (NYSE:FI) Shares Sold by Cary Street Partners Asset Management LLC

Cary Street Partners Asset Management LLC lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,766 shares of the business services provider’s stock after selling 555 shares during the period. Cary Street Partners Asset Management LLC’s holdings in Fiserv were worth $4,090,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Partners LLC increased its position in Fiserv by 3,016.0% during the second quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock worth $486,000 after buying an additional 3,197 shares during the period. Park Place Capital Corp grew its stake in shares of Fiserv by 66.3% in the 3rd quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock valued at $1,259,000 after purchasing an additional 2,794 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of 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 purchasing an additional 44,776 shares during the last quarter. Choate Investment Advisors boosted its stake in shares of Fiserv by 80.6% in the first quarter. Choate Investment Advisors now owns 81,441 shares of the business services provider’s stock valued at $13,016,000 after buying an additional 36,347 shares in the last quarter. Finally, BDF Gestion purchased a new stake in shares of Fiserv in the second quarter valued at approximately $2,981,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling

In other Fiserv news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the sale, the director now owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Fiserv news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the sale, the director now owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction on 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 sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 257,890 shares of company stock valued at $46,968,117. Insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the topic of a number of analyst reports. Oppenheimer assumed coverage on Fiserv in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price target on the stock. BTIG Research initiated coverage on Fiserv in a report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price target for the company. Morgan Stanley upped their target price on Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. TD Cowen boosted their price target on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, UBS Group upped their price target on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.25.

Fiserv Trading Down 0.6 %

NYSE:FI opened at $200.82 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The business’s 50 day moving average is $184.49 and its two-hundred day moving average is $164.96. Fiserv, Inc. has a 52 week low of $118.42 and a 52 week high of $204.50. The company has a market cap of $114.25 billion, a PE ratio of 38.62, a P/E/G ratio of 1.54 and a beta of 0.92.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.04. The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $1.96 EPS. On average, analysts predict that Fiserv, Inc. will post 8.77 EPS for the current year.

About Fiserv

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.