Court Place Advisors LLC Trims Holdings in Fiserv, Inc. (NYSE:FI)

Court Place Advisors LLC reduced its holdings in shares of Fiserv, Inc. (NYSE:FI) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,248 shares of the business services provider’s stock after selling 310 shares during the period. Court Place Advisors LLC’s holdings in Fiserv were worth $1,302,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP purchased a new position in shares of Fiserv during the fourth quarter worth about $3,292,000. Dynamic Advisor Solutions LLC grew its stake in shares of Fiserv by 5.1% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 8,518 shares of the business services provider’s stock valued at $1,361,000 after purchasing an additional 413 shares during the last quarter. Brookstone Capital Management grew its stake in shares of Fiserv by 313.1% in the 1st quarter. Brookstone Capital Management now owns 26,760 shares of the business services provider’s stock valued at $4,277,000 after purchasing an additional 20,282 shares during the last quarter. Aspiriant LLC acquired a new position in shares of Fiserv in the first quarter valued at approximately $238,000. Finally, Wealthcare Advisory Partners LLC purchased a new stake in shares of Fiserv during the first quarter worth approximately $254,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction 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 completion of the sale, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Doyle Simons sold 40,000 shares of the business’s 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 sale, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction that occurred on 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. 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 227,890 shares of company stock valued at $40,934,217 over the last quarter. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on FI shares. UBS Group lifted their price objective on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company lifted their target price on shares of Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday. KeyCorp increased their price target on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday. Oppenheimer assumed coverage on Fiserv in a report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price objective on the stock. Finally, The Goldman Sachs Group boosted their target price on Fiserv from $188.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.08.

Fiserv Trading Down 0.3 %

Shares of Fiserv stock traded down $0.69 during trading hours on Friday, reaching $202.60. 327,617 shares of the company’s stock were exchanged, compared to its average volume of 2,471,826. Fiserv, Inc. has a 52-week low of $111.53 and a 52-week high of $204.50. The company has a fifty day moving average of $179.29 and a 200-day moving average of $162.09. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $118.54 billion, a price-to-earnings ratio of 37.99, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the company earned $1.96 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. Sell-side analysts forecast that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

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.