Marshall & Sullivan Inc. WA Sells 2,167 Shares of Fiserv, Inc. (NYSE:FI)

Marshall & Sullivan Inc. WA lessened its holdings in Fiserv, Inc. (NYSE:FI) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,975 shares of the business services provider’s stock after selling 2,167 shares during the quarter. Fiserv makes up about 4.0% of Marshall & Sullivan Inc. WA’s investment portfolio, making the stock its 4th largest holding. 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 recently bought and sold shares of the business. Wedmont Private Capital increased its position in Fiserv by 5.8% in the 4th quarter. Wedmont Private Capital now owns 6,583 shares of the business services provider’s stock valued at $1,320,000 after acquiring an additional 363 shares during the period. Asset Allocation & Management Company LLC acquired a new position in shares of Fiserv during the fourth quarter valued at $224,000. Cardano Risk Management B.V. acquired a new stake in Fiserv in the fourth quarter worth about $97,254,000. Capital Investment Advisors LLC grew its position in Fiserv by 4.9% in the 4th quarter. Capital Investment Advisors LLC now owns 4,906 shares of the business services provider’s stock valued at $1,008,000 after buying an additional 229 shares in the last quarter. Finally, Trust Co. of Toledo NA OH increased its stake in Fiserv by 8.9% during the 4th quarter. Trust Co. of Toledo NA OH now owns 1,902 shares of the business services provider’s stock valued at $391,000 after buying an additional 156 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling

In other Fiserv news, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. This represents a 34.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Heidi Miller sold 30,000 shares of Fiserv 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 sale, the director now directly owns 33,235 shares of the company’s stock, valued at $6,684,555.55. This represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 90,821 shares of company stock worth $18,581,095 in the last 90 days. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

Shares of NYSE FI traded up $0.53 during trading hours on Monday, hitting $201.04. 1,139,860 shares of the company’s stock were exchanged, compared to its average volume of 2,107,579. Fiserv, Inc. has a 1-year low of $135.97 and a 1-year 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. The stock has a market capitalization of $114.38 billion, a price-to-earnings ratio of 38.66, a PEG ratio of 1.56 and a beta of 0.94. The company’s 50-day moving average price is $209.64 and its 200-day moving average price is $185.31.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period in the previous year, the business earned $1.96 EPS. The firm’s revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on FI. TD Cowen increased their price objective on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Citigroup lifted their price target on Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. The Goldman Sachs Group upped their price objective on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Barclays lifted 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. Finally, Robert W. Baird raised their price objective on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Three analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and a consensus target price of $222.88.

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.