Apeiron RIA LLC Sells 85 Shares of Fiserv, Inc. (NYSE:FI)

Apeiron RIA LLC reduced its stake in Fiserv, Inc. (NYSE:FI) by 2.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,925 shares of the business services provider’s stock after selling 85 shares during the period. Apeiron RIA LLC’s holdings in Fiserv were worth $601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. FMR LLC lifted its stake in Fiserv by 17.8% in the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Legal & General Group Plc raised its position in shares of Fiserv by 1.9% in the second quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider’s stock worth $687,489,000 after buying an additional 85,598 shares in the last quarter. Sanders Capital LLC bought a new stake in Fiserv during the third quarter valued at $764,543,000. Barclays PLC boosted its stake in Fiserv by 3.0% during the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock valued at $302,737,000 after buying an additional 48,413 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Fiserv by 0.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock worth $236,739,000 after buying an additional 4,218 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was 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 owns 38,771 shares in the company, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the transaction, the director now directly owns 33,235 shares of the company’s stock, valued at $6,684,555.55. This represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

FI has been the subject of a number of research analyst reports. Stephens reiterated an “overweight” rating and set a $255.00 price target on shares of Fiserv in a research report on Thursday, January 2nd. TD Cowen boosted their price target on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Susquehanna raised their price objective on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, October 18th. Barclays upped their target price 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. Finally, Jefferies Financial Group increased their target price on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Fiserv Trading Down 1.5 %

NYSE FI opened at $206.35 on Friday. The stock has a market cap of $117.40 billion, a P/E ratio of 39.68, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94. Fiserv, Inc. has a fifty-two week low of $137.13 and a fifty-two week high of $223.23. The stock has a 50 day simple moving average of $209.15 and a two-hundred day simple moving average of $188.28. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07.

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

Fiserv 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.