Capital Investment Services of America Inc. Sells 6,250 Shares of Fiserv, Inc. (NYSE:FI)

Capital Investment Services of America Inc. reduced its stake in shares of Fiserv, Inc. (NYSE:FI) by 2.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 240,024 shares of the business services provider’s stock after selling 6,250 shares during the period. Fiserv makes up approximately 4.7% of Capital Investment Services of America Inc.’s portfolio, making the stock its 2nd biggest holding. Capital Investment Services of America Inc.’s holdings in Fiserv were worth $49,306,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Soros Capital Management LLC grew its stake in shares of Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after purchasing an additional 22,884 shares during the period. Czech National Bank increased its position in shares of Fiserv by 5.2% in the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after buying an additional 6,072 shares in the last quarter. Chiron Investment Management LLC acquired a new position in shares of Fiserv during the 3rd quarter worth approximately $4,709,000. Trust Co. of Vermont lifted its position in shares of Fiserv by 170.4% during the 4th quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock valued at $1,405,000 after buying an additional 4,310 shares in the last quarter. Finally, Cardano Risk Management B.V. acquired a new position in Fiserv during the fourth quarter worth $97,254,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity

In related news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the sale, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FI shares. Citigroup lifted their price objective on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. BMO Capital Markets boosted their price target on Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Barclays boosted their target price on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Morgan Stanley lifted their price objective on Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Finally, Oppenheimer raised their target price on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and an average price target of $224.00.

Fiserv Price Performance

Fiserv stock opened at $228.83 on Thursday. 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 company has a fifty day simple moving average of $208.45 and a 200-day simple moving average of $192.25. The stock has a market cap of $130.19 billion, a P/E ratio of 44.01, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94. Fiserv, Inc. has a 12-month low of $137.13 and a 12-month high of $231.61.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. Equities analysts expect that Fiserv, Inc. will post 8.77 EPS 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.