Fiserv, Inc. (NYSE:FI) Stock Holdings Lessened by Freedom Investment Management Inc.

Freedom Investment Management Inc. cut its stake in shares of Fiserv, Inc. (NYSE:FI) by 2.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,802 shares of the business services provider’s stock after selling 122 shares during the period. Freedom Investment Management Inc.’s holdings in Fiserv were worth $1,042,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Wellington Shields & Co. LLC acquired a new stake in shares of Fiserv during the 1st quarter valued at about $25,000. Clean Yield Group lifted its stake in Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC grew its position in Fiserv by 42.5% in the third 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. Family Firm Inc. acquired a new position in shares of Fiserv during the 2nd quarter worth $31,000. Finally, Kennebec Savings Bank acquired a new stake in shares of Fiserv in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other Fiserv news, 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 directly owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. The trade was a 4.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 235,821 shares of company stock valued at $44,299,745. Corporate insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on FI. Robert W. Baird increased their target price on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Tigress Financial raised their price objective on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. KeyCorp upped their target price on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price target on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets upped their price objective on shares of Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $214.29.

Fiserv Trading Down 0.8 %

Shares of Fiserv stock opened at $220.63 on Thursday. The company’s fifty day moving average price is $198.55 and its two-hundred day moving average price is $172.29. The firm has a market capitalization of $125.52 billion, a PE ratio of 42.43, a price-to-earnings-growth ratio of 1.70 and a beta of 0.92. Fiserv, Inc. has a 52-week low of $126.68 and a 52-week high of $223.23. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion for 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 firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.96 earnings per share. On average, analysts expect that Fiserv, Inc. will post 8.77 EPS 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.