River Global Investors LLP Has $9.72 Million Stock Position in Fiserv, Inc. (NYSE:FI)

River Global Investors LLP cut its position in Fiserv, Inc. (NYSE:FI) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,111 shares of the business services provider’s stock after selling 302 shares during the quarter. Fiserv comprises about 2.1% of River Global Investors LLP’s portfolio, making the stock its 9th biggest holding. River Global Investors LLP’s holdings in Fiserv were worth $9,722,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FI. Waypoint Capital Advisors LLC lifted its position in shares of Fiserv by 1.7% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after acquiring an additional 51 shares during the period. Optas LLC lifted its position in shares of Fiserv by 1.7% during the 3rd quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after acquiring an additional 54 shares during the period. Cedar Mountain Advisors LLC lifted its position 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 valued at $34,000 after acquiring an additional 57 shares during the period. Covestor Ltd lifted its position in shares of Fiserv by 7.6% during the 3rd quarter. Covestor Ltd now owns 832 shares of the business services provider’s stock valued at $150,000 after acquiring an additional 59 shares during the period. Finally, West Bancorporation Inc. lifted its position in shares of Fiserv by 3.8% during the 3rd quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider’s stock worth $296,000 after buying an additional 61 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FI has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group upped their price objective on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets upped their price objective on Fiserv from $175.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Morgan Stanley upped their price objective on Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, William Blair upgraded Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.25.

Insider Activity

In other news, COO Guy Chiarello sold 24,000 shares of Fiserv 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 in the company, valued at approximately $27,005,424.03. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction 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 completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 257,890 shares of company stock worth $46,968,117. 0.75% of the stock is owned by corporate insiders.

Fiserv Stock Performance

Shares of FI traded up $1.83 on Friday, reaching $210.70. 1,761,528 shares of the company’s stock traded hands, compared to its average volume of 2,811,641. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a market cap of $119.87 billion, a PE ratio of 40.52, a PEG ratio of 1.61 and a beta of 0.92. The stock’s 50 day simple moving average is $187.37 and its two-hundred day simple moving average is $166.39. Fiserv, Inc. has a 52-week low of $118.42 and a 52-week high of $212.84.

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, topping 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 business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the business posted $1.96 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal 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.