DRW Securities LLC Trims Stock Position in Fiserv, Inc. (NYSE:FI)

DRW Securities LLC lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 5.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,116 shares of the business services provider’s stock after selling 315 shares during the period. DRW Securities LLC’s holdings in Fiserv were worth $919,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Harvest Fund Management Co. Ltd boosted its holdings in shares of Fiserv by 87.8% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 4,293 shares of the business services provider’s stock valued at $771,000 after buying an additional 2,007 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Fiserv by 8.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 85,412 shares of the business services provider’s stock valued at $15,344,000 after buying an additional 6,630 shares in the last quarter. Summit Trail Advisors LLC boosted its holdings in shares of Fiserv by 0.8% during the 3rd quarter. Summit Trail Advisors LLC now owns 12,538 shares of the business services provider’s stock valued at $2,252,000 after buying an additional 95 shares in the last quarter. Centaurus Financial Inc. boosted its holdings in shares of Fiserv by 25.5% during the 3rd quarter. Centaurus Financial Inc. now owns 2,424 shares of the business services provider’s stock valued at $435,000 after buying an additional 493 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Fiserv by 17.5% during the 3rd quarter. Larson Financial Group LLC now owns 1,836 shares of the business services provider’s stock valued at $330,000 after buying an additional 274 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In related news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction that occurred 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 completion of 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. This represents a 4.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 235,821 shares of company stock valued at $44,299,745. 0.75% of the stock is owned by corporate insiders.

Fiserv Price Performance

NYSE FI opened at $221.70 on Tuesday. Fiserv, Inc. has a 52 week low of $125.42 and a 52 week high of $223.22. The firm has a market capitalization of $126.13 billion, a P/E ratio of 42.63, a PEG ratio of 1.69 and a beta of 0.92. 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 company has a 50-day moving average price of $196.70 and a 200-day moving average price of $171.47.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating 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 analyst estimates of $4.90 billion. During the same quarter in the prior year, the firm earned $1.96 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities research analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on FI shares. Mizuho boosted their target price on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Barclays upped their price target on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Wells Fargo & Company upped their price target on shares of Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Stephens upped their price target on shares of Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Finally, Jefferies Financial Group upped their price target on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $214.29.

Fiserv Company 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.