CX Institutional Sells 7,042 Shares of Fiserv, Inc. (NYSE:FI)

CX Institutional lowered its stake in shares of Fiserv, Inc. (NYSE:FI) by 12.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 49,398 shares of the business services provider’s stock after selling 7,042 shares during the period. CX Institutional’s holdings in Fiserv were worth $10,147,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FI. Waypoint Capital Advisors LLC lifted its position in Fiserv by 1.7% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after acquiring an additional 51 shares during the period. Wealthcare Advisory Partners LLC increased its stake in shares of Fiserv by 3.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock valued at $360,000 after purchasing an additional 51 shares in the last quarter. Optas LLC lifted its holdings in shares of Fiserv by 1.7% during the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after purchasing an additional 54 shares during the last quarter. Cedar Mountain Advisors LLC boosted its position in shares of Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares in the last quarter. Finally, Central Valley Advisors LLC raised its stake in Fiserv by 0.5% during the fourth quarter. Central Valley Advisors LLC now owns 11,324 shares of the business services provider’s stock valued at $2,326,000 after buying an additional 57 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FI. Royal Bank of Canada raised their price target on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. KeyCorp increased their price target on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Mizuho boosted their price objective on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Finally, The Goldman Sachs Group boosted their price target on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $224.00.

Insider Buying and Selling

In other news, Director Heidi Miller sold 30,000 shares of the firm’s 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 $6,684,555.55. This trade represents a 47.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction that occurred 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

Fiserv Price Performance

FI stock opened at $208.08 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The company’s fifty day moving average price is $209.15 and its 200-day moving average price is $188.28. Fiserv, Inc. has a one year low of $137.13 and a one year high of $223.23. The company has a market capitalization of $118.38 billion, a PE ratio of 40.03, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping the consensus estimate of $2.26 by $0.04. The business had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.96 EPS. On average, equities 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.