Fiserv, Inc. (NYSE:FI) Shares Sold by Meridiem Investment Management Ltd.

Meridiem Investment Management Ltd. cut its position in Fiserv, Inc. (NYSE:FI) by 1.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,062,543 shares of the business services provider’s stock after selling 40,450 shares during the quarter. Fiserv makes up about 6.6% of Meridiem Investment Management Ltd.’s holdings, making the stock its 2nd biggest position. Meridiem Investment Management Ltd. owned about 0.35% of Fiserv worth $370,558,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wellington Shields & Co. LLC bought a new position in Fiserv during the first quarter worth $25,000. Family Firm Inc. bought a new position in shares of Fiserv during the 2nd quarter worth about $31,000. Clean Yield Group raised its position in shares of Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares during the last quarter. ZRC Wealth Management LLC acquired a new position in shares of Fiserv during the first quarter valued at about $32,000. Finally, Cedar Mountain Advisors LLC grew its position in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 0.8 %

Shares of NYSE FI traded up $1.55 during midday trading on Friday, hitting $197.29. The stock had a trading volume of 3,463,499 shares, compared to its average volume of 2,466,895. The firm has a market cap of $115.43 billion, a P/E ratio of 36.88, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $198.86. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50-day simple moving average is $177.05 and its 200 day simple moving average is $161.16.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same period last year, the company earned $1.81 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. Research analysts anticipate that Fiserv, Inc. will post 8.74 EPS for the current year.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their price objective on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. B. Riley lifted their price target on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Stephens increased their price objective on shares of Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research note on Friday. Oppenheimer started coverage on shares of Fiserv in a report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 price objective for the company. Finally, KeyCorp upped their target price on shares of Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $187.92.

Insider Activity at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction dated 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 owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 187,890 shares of company stock worth $32,855,417. 0.75% of the stock is currently owned by company insiders.

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.