NorthRock Partners LLC Lowers Position in Fiserv, Inc. (NYSE:FI)

NorthRock Partners LLC decreased its stake in Fiserv, Inc. (NYSE:FI) by 34.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,703 shares of the business services provider’s stock after selling 1,964 shares during the quarter. NorthRock Partners LLC’s holdings in Fiserv were worth $665,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FI. Janney Montgomery Scott LLC boosted its holdings in Fiserv by 6.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 63,865 shares of the business services provider’s stock worth $10,207,000 after buying an additional 3,666 shares during the period. Quent Capital LLC boosted its stake in shares of Fiserv by 5.9% in the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after acquiring an additional 68 shares during the period. Financial Counselors Inc. grew its position in shares of Fiserv by 4.7% during the first quarter. Financial Counselors Inc. now owns 3,090 shares of the business services provider’s stock worth $494,000 after purchasing an additional 139 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Fiserv during the 1st quarter valued at approximately $493,000. Finally, Catalina Capital Group LLC purchased a new position in Fiserv in the 1st quarter worth approximately $282,000. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $27,005,424.03. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 257,890 shares of company stock valued at $46,968,117. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. William Blair raised shares of Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods raised their target price on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. KeyCorp boosted their price target on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Oppenheimer started coverage on Fiserv in a report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 target price on the stock. Finally, BTIG Research assumed coverage on Fiserv in a research note on Wednesday, August 28th. They set a “buy” rating and a $200.00 price target for the company. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $207.25.

Fiserv Stock Performance

FI stock opened at $203.00 on Wednesday. Fiserv, Inc. has a twelve month low of $118.42 and a twelve month high of $204.50. The business’s fifty day simple moving average is $185.14 and its two-hundred day simple moving average is $165.34. The firm has a market cap of $115.49 billion, a price-to-earnings ratio of 39.04, a PEG ratio of 1.54 and a beta of 0.92. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.04. The firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.96 EPS. 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.