Truvestments Capital LLC Sells 237 Shares of Fiserv, Inc. (NYSE:FI)

Truvestments Capital LLC lowered its holdings in Fiserv, Inc. (NYSE:FI) by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,490 shares of the business services provider’s stock after selling 237 shares during the quarter. Truvestments Capital LLC’s holdings in Fiserv were worth $807,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd boosted its holdings in Fiserv by 87.8% during the third quarter. Harvest Fund Management Co. Ltd now owns 4,293 shares of the business services provider’s stock valued at $771,000 after purchasing an additional 2,007 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Fiserv by 8.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 85,412 shares of the business services provider’s stock worth $15,344,000 after buying an additional 6,630 shares in the last quarter. Summit Trail Advisors LLC lifted its position 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 worth $2,252,000 after buying an additional 95 shares during the period. Centaurus Financial Inc. boosted its stake in Fiserv by 25.5% in 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 stake in Fiserv by 17.5% in 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 Transactions at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The trade was a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 235,821 shares of company stock valued at $44,299,745 over the last ninety days. 0.75% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of analyst reports. BMO Capital Markets lifted their price objective on Fiserv from $222.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Oppenheimer began coverage on shares of Fiserv in a report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 price target for the company. JPMorgan Chase & Co. upped their price objective on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. BTIG Research started coverage on shares of Fiserv in a research note on Wednesday, August 28th. They issued a “buy” rating and a $200.00 target price for the company. Finally, Citigroup boosted their target price on Fiserv from $187.00 to $226.00 in a report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $214.29.

Fiserv Stock Performance

Shares of Fiserv stock opened at $222.51 on Monday. Fiserv, Inc. has a twelve month low of $125.42 and a twelve month high of $222.51. 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 stock has a market cap of $126.59 billion, a price-to-earnings ratio of 42.61, a P/E/G ratio of 1.69 and a beta of 0.92. The company’s fifty day moving average is $195.77 and its 200 day moving average is $171.00.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The business 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 firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.96 earnings per share. Sell-side analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current 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.