Fiserv, Inc. (NYSE:FI) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 9.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,229 shares of the business services provider’s stock after selling 5,170 shares during the period. Intech Investment Management LLC’s holdings in Fiserv were worth $8,844,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its holdings in shares of Fiserv by 0.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,720,962 shares of the business services provider’s stock valued at $7,147,305,000 after purchasing an additional 417,459 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Fiserv by 0.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider’s stock worth $1,069,204,000 after purchasing an additional 64,332 shares during the last quarter. Legal & General Group Plc boosted its stake in Fiserv by 1.9% during the 2nd quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider’s stock worth $687,489,000 after purchasing an additional 85,598 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Fiserv by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,960,012 shares of the business services provider’s stock worth $441,173,000 after purchasing an additional 225,159 shares during the last quarter. Finally, Blair William & Co. IL boosted its position in shares of Fiserv by 2.5% during the 2nd quarter. Blair William & Co. IL now owns 2,171,391 shares of the business services provider’s stock valued at $323,624,000 after acquiring an additional 52,748 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Mizuho boosted their price target on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. TD Cowen upped their target price on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Tigress Financial upped their target price on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Stephens upped their target price on shares of Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Finally, Compass Point assumed coverage on shares of Fiserv in a research report on Wednesday. They issued a “buy” rating and a $278.00 target price on the stock. Four investment 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 company currently has an average rating of “Moderate Buy” and an average target price of $214.29.

Insider Buying and Selling at Fiserv

In other news, Director Heidi Miller sold 30,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the sale, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The trade was a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 235,821 shares of company stock worth $44,299,745 over the last three months. Insiders own 0.75% of the company’s stock.

Fiserv Stock Down 0.2 %

FI stock opened at $217.55 on Friday. The company’s 50 day moving average price is $194.83 and its 200 day moving average price is $170.25. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv, Inc. has a fifty-two week low of $125.05 and a fifty-two week high of $219.11. The firm has a market capitalization of $123.77 billion, a price-to-earnings ratio of 41.84, a PEG ratio of 1.64 and a beta of 0.92.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate of $2.26 by $0.04. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted $1.96 earnings per share. On average, equities research analysts anticipate 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.