Fiserv, Inc. (NYSE:FI) Position Decreased by Aryeh Capital Management Ltd.

Aryeh Capital Management Ltd. cut its stake in shares of Fiserv, Inc. (NYSE:FI) by 14.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,142 shares of the business services provider’s stock after selling 20,700 shares during the quarter. Fiserv comprises approximately 13.6% of Aryeh Capital Management Ltd.’s investment portfolio, making the stock its 3rd biggest holding. Aryeh Capital Management Ltd.’s holdings in Fiserv were worth $22,661,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Benjamin Edwards Inc. boosted its holdings in Fiserv by 8,027.3% in the third quarter. Benjamin Edwards Inc. now owns 11,622 shares of the business services provider’s stock valued at $2,088,000 after purchasing an additional 11,479 shares during the last quarter. Erste Asset Management GmbH acquired a new position in shares of Fiserv in the third quarter worth about $58,507,000. Timber Creek Capital Management LLC raised its position in shares of Fiserv by 18.2% in the third quarter. Timber Creek Capital Management LLC now owns 28,294 shares of the business services provider’s stock worth $5,083,000 after acquiring an additional 4,350 shares during the period. Cobblestone Capital Advisors LLC NY acquired a new position in shares of Fiserv in the third quarter worth about $235,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of Fiserv by 43.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 547,145 shares of the business services provider’s stock worth $98,295,000 after acquiring an additional 165,849 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Trading Up 0.2 %

Shares of Fiserv stock opened at $220.96 on Monday. Fiserv, Inc. has a 1 year low of $128.43 and a 1 year high of $223.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $125.71 billion, a P/E ratio of 42.49, a PEG ratio of 1.69 and a beta of 0.92. The company’s fifty day moving average is $200.25 and its two-hundred day moving average is $173.36.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the firm posted $1.96 EPS. Fiserv’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Frank Bisignano sold 145,000 shares of the business’s 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 transaction, the chief executive officer now owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This trade represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 235,821 shares of company stock valued at $44,299,745. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FI shares. Barclays upped their price objective on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Oppenheimer initiated coverage on shares of Fiserv in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price target for the company. Stephens increased their price objective 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. BTIG Research initiated coverage on shares of Fiserv in a research report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price objective for the company. Finally, Mizuho increased their target price on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Four equities 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.29.

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.