Compass Wealth Management LLC Decreases Stock Holdings in Fiserv, Inc. (NYSE:FI)

Compass Wealth Management LLC lowered its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 35,184 shares of the business services provider’s stock after selling 650 shares during the quarter. Fiserv accounts for 1.5% of Compass Wealth Management LLC’s holdings, making the stock its 15th biggest holding. Compass Wealth Management LLC’s holdings in Fiserv were worth $6,321,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Wellington Shields & Co. LLC purchased a new stake in shares of Fiserv in the 1st quarter worth $25,000. Family Firm Inc. purchased a new stake in shares of Fiserv during the 2nd quarter worth $31,000. Clean Yield Group lifted its stake in shares of Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the last quarter. ZRC Wealth Management LLC purchased a new stake in shares of Fiserv during the 1st quarter worth $32,000. Finally, Cedar Mountain Advisors LLC lifted its stake in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, 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 transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $27,005,424.03. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 187,890 shares of company stock valued at $32,855,417. Company insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of analyst reports. Barclays upped their price objective on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Oppenheimer assumed coverage on Fiserv in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price target for the company. BTIG Research assumed coverage on Fiserv in a research note on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price target for the company. B. Riley increased their price target on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, Keefe, Bruyette & Woods increased their price target on Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $184.38.

Fiserv Stock Performance

Fiserv stock traded down $0.09 during midday trading on Thursday, hitting $197.61. 1,354,093 shares of the company were exchanged, compared to its average volume of 2,450,330. The firm has a market capitalization of $115.62 billion, a PE ratio of 36.95, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $198.76. The business has a fifty day simple moving average of $175.63 and a two-hundred day simple moving average of $160.65. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $2.10 by $0.03. The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. Fiserv’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $1.81 earnings per share. On average, sell-side analysts forecast that Fiserv, Inc. will post 8.74 earnings per share for the current year.

Fiserv Company 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.