Albert D Mason Inc. Sells 1,074 Shares of Fiserv, Inc. (NYSE:FI)

Albert D Mason Inc. cut its stake in Fiserv, Inc. (NYSE:FI) by 5.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,192 shares of the business services provider’s stock after selling 1,074 shares during the quarter. Fiserv accounts for about 2.2% of Albert D Mason Inc.’s portfolio, making the stock its 2nd biggest position. Albert D Mason Inc.’s holdings in Fiserv were worth $3,448,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GAM Holding AG raised its stake in shares of Fiserv by 27.8% in the third quarter. GAM Holding AG now owns 114,439 shares of the business services provider’s stock worth $20,559,000 after purchasing an additional 24,890 shares during the last quarter. Waldron Private Wealth LLC raised its stake in shares of Fiserv by 42.5% in the third quarter. Waldron Private Wealth LLC now owns 4,835 shares of the business services provider’s stock worth $869,000 after purchasing an additional 1,442 shares during the last quarter. Eastern Bank purchased a new stake in shares of Fiserv in the third quarter worth approximately $50,000. Sequoia Financial Advisors LLC grew its holdings in shares of Fiserv by 354.5% in the third quarter. Sequoia Financial Advisors LLC now owns 61,886 shares of the business services provider’s stock valued at $11,118,000 after acquiring an additional 48,270 shares in the last quarter. Finally, Sky Investment Group LLC grew its holdings in shares of Fiserv by 17.7% in the third quarter. Sky Investment Group LLC now owns 2,290 shares of the business services provider’s stock valued at $411,000 after acquiring an additional 345 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction 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 approximately $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on 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 $27,005,424.03. The trade was 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 valued at $32,855,417 over the last ninety days. 0.75% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FI shares. JPMorgan Chase & Co. upped their target price on Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Jefferies Financial Group upped their target price on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday. Morgan Stanley increased their price objective on Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. TD Cowen increased their price objective on Fiserv from $182.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company increased their price objective on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $190.04.

Fiserv Trading Up 1.3 %

NYSE FI opened at $199.72 on Wednesday. The stock’s 50-day simple moving average is $178.52 and its two-hundred day simple moving average is $161.81. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $199.87. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $116.86 billion, a price-to-earnings ratio of 37.33, a PEG ratio of 1.44 and a beta of 0.93.

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

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.