Eads & Heald Wealth Management Cuts Stock Holdings in Fiserv, Inc. (NYSE:FI)

Eads & Heald Wealth Management lessened its stake in shares of Fiserv, Inc. (NYSE:FI) by 7.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,569 shares of the business services provider’s stock after selling 1,531 shares during the quarter. Fiserv comprises approximately 1.6% of Eads & Heald Wealth Management’s holdings, making the stock its 6th largest position. Eads & Heald Wealth Management’s holdings in Fiserv were worth $3,336,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wellington Shields & Co. LLC acquired a new position in Fiserv during the 1st quarter worth $25,000. Family Firm Inc. acquired a new position in shares of Fiserv during the 2nd quarter worth about $31,000. Clean Yield Group boosted 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 valued at $31,000 after purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC grew its holdings in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. increased its position in Fiserv by 95.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after buying an additional 127 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $27,005,424.03. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the company’s 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 transaction, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 257,890 shares of company stock worth $46,968,117. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods increased their price objective on Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Stephens raised their price target on shares of Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Royal Bank of Canada boosted their price objective on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Robert W. Baird lifted 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. Finally, Tigress Financial upped their price target on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.25.

Fiserv Stock Up 2.2 %

NYSE FI opened at $202.22 on Friday. The stock’s 50 day simple moving average is $183.87 and its 200 day simple moving average is $164.33. Fiserv, Inc. has a one year low of $114.32 and a one year high of $204.50. The firm has a market cap of $115.05 billion, a PE ratio of 38.89, a price-to-earnings-growth ratio of 1.53 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping the consensus estimate of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the prior year, the business earned $1.96 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, sell-side analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

About Fiserv

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.