Artemis Investment Management LLP Sells 91,461 Shares of Fiserv, Inc. (NYSE:FI)

Artemis Investment Management LLP reduced its holdings in shares of Fiserv, Inc. (NYSE:FI) by 17.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 424,802 shares of the business services provider’s stock after selling 91,461 shares during the quarter. Fiserv makes up about 1.2% of Artemis Investment Management LLP’s portfolio, making the stock its 18th biggest holding. Artemis Investment Management LLP owned 0.07% of Fiserv worth $87,263,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Clean Yield Group boosted its position in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC lifted its stake in shares of Fiserv by 42.5% during the 3rd 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 during the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in shares of Fiserv by 95.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after buying an additional 127 shares during the period. Kennebec Savings Bank acquired a new position in Fiserv in the 3rd quarter valued at about $40,000. Finally, Northwest Investment Counselors LLC bought a new position in Fiserv in the 3rd quarter valued at about $44,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of research analyst reports. Mizuho boosted their price objective on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Oppenheimer upped their price objective on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. TD Cowen increased their price objective on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. KeyCorp boosted their target price on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, UBS Group raised their price target on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Fiserv Trading Up 1.2 %

FI opened at $208.67 on Friday. The company’s 50 day moving average is $209.45 and its 200-day moving average is $186.76. The company has a market cap of $118.71 billion, a P/E ratio of 40.13, a PEG ratio of 1.32 and a beta of 0.94. Fiserv, Inc. has a 1-year low of $136.93 and a 1-year high of $223.23. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the prior year, the business earned $1.96 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities research analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In related news, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the transaction, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,821 shares of company stock worth $18,581,095. 0.75% of the stock is currently owned by insiders.

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.