Fiserv, Inc. (NYSE:FI) Shares Sold by Zions Bancorporation N.A.

Zions Bancorporation N.A. lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 14.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 710 shares of the business services provider’s stock after selling 121 shares during the quarter. Zions Bancorporation N.A.’s holdings in Fiserv were worth $128,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. lifted its holdings in shares of Fiserv by 67.2% during the 1st quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock valued at $519,690,000 after acquiring an additional 1,306,901 shares in the last quarter. Capital World Investors raised its position in Fiserv by 7.4% in the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock valued at $3,011,031,000 after purchasing an additional 1,303,078 shares during the period. Maj Invest Holding A S acquired a new position in shares of Fiserv during the third quarter worth about $172,993,000. Manning & Napier Advisors LLC purchased a new stake in shares of Fiserv in the second quarter worth about $105,031,000. Finally, American Century Companies Inc. grew its stake in shares of Fiserv by 1,642.5% in the second quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock valued at $74,556,000 after buying an additional 471,531 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on FI. Tigress Financial upped their target price on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Jefferies Financial Group raised their target price on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Oppenheimer started 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. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Finally, BMO Capital Markets increased their target price on Fiserv from $175.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $207.25.

Fiserv Stock Up 0.0 %

Fiserv stock opened at $210.92 on Friday. The stock has a market cap of $120.00 billion, a price-to-earnings ratio of 40.56, a PEG ratio of 1.63 and a beta of 0.92. 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 52 week low of $121.86 and a 52 week high of $215.50. The company’s 50-day moving average price is $190.54 and its two-hundred day moving average price is $168.03.

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

Insider Transactions at Fiserv

In other Fiserv news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction that occurred 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 in the company, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the business’s 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 sale, the chief accounting officer now directly owns 38,771 shares in the company, 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 254,711 shares of company stock valued at $47,477,232 in the last quarter. Insiders own 0.75% of the company’s stock.

Fiserv 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.