Veracity Capital LLC Sells 1,432 Shares of Fiserv, Inc. (NYSE:FI)

Veracity Capital LLC lessened its position in Fiserv, Inc. (NYSE:FI) by 14.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,374 shares of the business services provider’s stock after selling 1,432 shares during the period. Fiserv makes up about 0.6% of Veracity Capital LLC’s investment portfolio, making the stock its 23rd biggest holding. Veracity Capital LLC’s holdings in Fiserv were worth $1,720,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Clean Yield Group increased its stake 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 in the last quarter. Cedar Mountain Advisors LLC raised its holdings in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares during the period. Kennebec Savings Bank bought a new stake in Fiserv in the 3rd quarter valued at $40,000. Friedenthal Financial acquired a new position in Fiserv in the 4th quarter worth $49,000. Finally, Northwest Investment Counselors LLC bought a new position in Fiserv during the 3rd quarter worth about $44,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FI. UBS Group boosted their price target on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Stephens restated an “overweight” rating and issued a $255.00 target price on shares of Fiserv in a research note on Thursday, January 2nd. The Goldman Sachs Group upped their price target on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Finally, Barclays increased their target price on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $224.00.

Fiserv Stock Performance

NYSE FI opened at $206.35 on Friday. The stock has a market cap of $117.40 billion, a PE ratio of 39.68, a P/E/G ratio of 1.37 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a 50-day moving average of $209.15 and a 200-day moving average of $188.28. Fiserv, Inc. has a 52-week low of $137.13 and a 52-week high of $223.23.

Fiserv (NYSE:FI) last issued its quarterly earnings data 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. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the business posted $1.96 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Buying and Selling

In related news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the sale, the director now directly owns 33,235 shares of the company’s stock, valued at $6,684,555.55. This represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.

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.