Thompson Investment Management Inc. Cuts Position in Fiserv, Inc. (NYSE:FI)

Thompson Investment Management Inc. trimmed its position in shares of Fiserv, Inc. (NYSE:FI) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,322 shares of the business services provider’s stock after selling 3,043 shares during the period. Fiserv comprises about 1.2% of Thompson Investment Management Inc.’s portfolio, making the stock its 23rd biggest position. Thompson Investment Management Inc.’s holdings in Fiserv were worth $8,488,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FI. FMR LLC grew its position in shares of 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 acquiring an additional 1,427,664 shares during the last quarter. Sanders Capital LLC acquired a new stake in shares of Fiserv during the third quarter worth $764,543,000. Barclays PLC lifted its holdings in shares of Fiserv by 3.0% during the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after purchasing an additional 48,413 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Fiserv by 0.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock worth $236,739,000 after purchasing an additional 4,218 shares during the period. Finally, National Pension Service lifted its holdings in shares of Fiserv by 9.2% during the third quarter. National Pension Service now owns 1,112,168 shares of the business services provider’s stock worth $199,801,000 after purchasing an additional 93,508 shares during the period. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FI. Morgan Stanley raised their target price on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday. Mizuho raised their target price on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Stephens raised their target price on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday. BMO Capital Markets lifted their price target on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fiserv has an average rating of “Buy” and an average price target of $235.91.

Fiserv Stock Performance

Shares of NYSE FI opened at $230.18 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The firm has a market cap of $130.95 billion, a price-to-earnings ratio of 42.71, a P/E/G ratio of 1.52 and a beta of 0.94. The business’s 50-day simple moving average is $209.01 and its 200-day simple moving average is $193.27. Fiserv, Inc. has a 52 week low of $142.14 and a 52 week high of $233.26.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, equities research analysts expect that Fiserv, Inc. will post 10.22 earnings per share 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.