Fiserv, Inc. (NYSE:FI) Shares Sold by Marshall & Sullivan Inc. WA

Marshall & Sullivan Inc. WA lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,975 shares of the business services provider’s stock after selling 2,167 shares during the period. Fiserv makes up 4.0% of Marshall & Sullivan Inc. WA’s portfolio, making the stock its 4th biggest position. Marshall & Sullivan Inc. WA’s holdings in Fiserv were worth $8,212,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FI. Waypoint Capital Advisors LLC raised its holdings in shares of Fiserv by 1.7% in the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after purchasing an additional 51 shares during the last quarter. Optas LLC raised its stake 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 worth $578,000 after purchasing an additional 54 shares in the last quarter. Cedar Mountain Advisors LLC boosted its holdings in shares of Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares during the last quarter. Covestor Ltd grew its stake in shares of Fiserv by 7.6% in the third quarter. Covestor Ltd now owns 832 shares of the business services provider’s stock valued at $150,000 after buying an additional 59 shares in the last quarter. Finally, West Bancorporation Inc. raised its position in Fiserv by 3.8% during the third quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider’s stock worth $296,000 after acquiring an additional 61 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Up 0.3 %

Shares of FI stock traded up $0.53 during mid-day trading on Monday, reaching $201.04. 1,139,860 shares of the stock traded hands, compared to its average volume of 2,107,579. The company has a market cap of $114.38 billion, a price-to-earnings ratio of 38.66, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock’s fifty day simple moving average is $209.64 and its two-hundred day simple moving average is $185.31. Fiserv, Inc. has a 1-year low of $135.97 and a 1-year high of $223.23.

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

Insider Buying and Selling

In related news, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the sale, the director now owns 76,180 shares in the company, valued at $15,386,074.60. This represents a 34.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the sale, the director now owns 33,235 shares of the company’s stock, valued at $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,821 shares of company stock valued at $18,581,095 in the last three months. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FI shares. Oppenheimer increased their price objective on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. KeyCorp boosted their price objective on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. UBS Group increased their target price on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Tigress Financial upped their price objective on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Finally, BMO Capital Markets increased their price objective on Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Three analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $222.88.

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.