Fiserv, Inc. (NYSE:FI) Stock Holdings Decreased by Ascent Group LLC

Ascent Group LLC lowered its position in shares of Fiserv, Inc. (NYSE:FI) by 0.6% during the third quarter, Holdings Channel reports. The fund owned 26,236 shares of the business services provider’s stock after selling 148 shares during the quarter. Ascent Group LLC’s holdings in Fiserv were worth $4,713,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Family Firm Inc. purchased a new stake in shares of Fiserv in the second quarter valued at $31,000. Clean Yield Group raised its position in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares during the period. Cedar Mountain Advisors LLC lifted its stake in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its position in Fiserv by 95.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after acquiring an additional 127 shares during the period. Finally, Kennebec Savings Bank purchased a new position in Fiserv during the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In related news, Director Doyle Simons sold 40,000 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value 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. This trade represents a 34.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $4,468,394.81. Following the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 235,821 shares of company stock worth $44,299,745. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on FI shares. Tigress Financial raised their price target on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Oppenheimer assumed coverage on shares of Fiserv in a research note on Tuesday, October 1st. They set an “outperform” rating and a $203.00 target price for the company. The Goldman Sachs Group upped their price target on shares of Fiserv from $188.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Barclays lifted their price objective on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, TD Cowen upped their target price on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $214.29.

Fiserv Trading Up 0.2 %

Shares of NYSE:FI opened at $220.96 on Monday. 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 stock’s 50-day moving average is $200.25 and its 200-day moving average is $173.36. The company has a market cap of $125.71 billion, a P/E ratio of 42.49, a P/E/G ratio of 1.69 and a beta of 0.92. Fiserv, Inc. has a 52-week low of $128.43 and a 52-week high of $223.23.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter last year, the firm posted $1.96 EPS. The company’s revenue was up 7.0% on a year-over-year basis. Equities research analysts predict that Fiserv, Inc. will post 8.77 earnings per share 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.