Aspire Private Capital LLC Sells 242 Shares of Fiserv, Inc. (NYSE:FI)

Aspire Private Capital LLC trimmed its position in Fiserv, Inc. (NYSE:FI) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,905 shares of the business services provider’s stock after selling 242 shares during the quarter. Aspire Private Capital LLC’s holdings in Fiserv were worth $802,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FI. Sanders Capital LLC bought a new stake in shares of Fiserv during the 3rd quarter worth $764,543,000. FMR LLC lifted its stake in Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares during the last quarter. Maj Invest Holding A S purchased a new position in shares of Fiserv in the 3rd quarter worth about $172,993,000. Kovitz Investment Group Partners LLC increased its position in shares of Fiserv by 788.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock valued at $109,700,000 after purchasing an additional 561,377 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its holdings in shares of Fiserv by 1,238.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after buying an additional 558,774 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Up 0.1 %

NYSE FI opened at $208.85 on Wednesday. The stock has a market cap of $118.82 billion, a PE ratio of 40.16, a PEG ratio of 1.37 and a beta of 0.94. Fiserv, Inc. has a 12 month low of $137.13 and a 12 month high of $223.23. The company’s 50-day moving average price is $209.33 and its 200-day moving average price is $187.72. 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 issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.96 EPS. Equities research analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insiders Place Their Bets

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the transaction, the director now owns 33,235 shares in the company, valued at approximately $6,684,555.55. This trade represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

Analyst Ratings Changes

FI has been the topic of a number of analyst reports. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Tigress Financial boosted their target price on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Royal Bank of Canada raised their price target on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Barclays boosted their price objective on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Mizuho raised their target price on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Fiserv has an average rating of “Moderate Buy” and a consensus target price of $224.00.

Fiserv 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.