Robeco Institutional Asset Management B.V. Sells 7,090 Shares of Fiserv, Inc. (NYSE:FI)

Robeco Institutional Asset Management B.V. lowered its stake in Fiserv, Inc. (NYSE:FI) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,324,598 shares of the business services provider’s stock after selling 7,090 shares during the period. Robeco Institutional Asset Management B.V. owned 0.23% of Fiserv worth $237,964,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FI. Wellington Shields & Co. LLC acquired a new stake in shares of Fiserv during the 1st quarter valued at $25,000. Clean Yield Group boosted its stake in shares of Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC boosted its stake 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 valued at $34,000 after purchasing an additional 57 shares in the last quarter. Family Firm Inc. bought a new stake in shares of Fiserv during the second quarter worth about $31,000. Finally, Northwest Investment Counselors LLC bought a new position in Fiserv in the 3rd quarter valued at approximately $44,000. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on FI. Jefferies Financial Group boosted their target price on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Barclays increased their price objective on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Robert W. Baird raised their target price on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. KeyCorp increased their price target on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Oppenheimer started coverage on Fiserv in a report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 target price on the stock. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and an average price target of $207.25.

Insider Buying and Selling at Fiserv

In related 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 value of $8,078,800.00. Following the sale, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the transaction, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction dated 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 completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 257,890 shares of company stock worth $46,968,117 over the last three months. 0.75% of the stock is currently owned by insiders.

Fiserv Stock Performance

FI stock opened at $202.05 on Monday. 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 firm has a market cap of $114.95 billion, a PE ratio of 38.86, a P/E/G ratio of 1.51 and a beta of 0.92. The business has a 50 day moving average of $183.87 and a 200-day moving average of $164.58. Fiserv, Inc. has a 12-month low of $114.32 and a 12-month high of $204.50.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The firm had revenue of $5.22 billion during 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 for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.96 EPS. As a group, sell-side analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current 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.