Liberty Capital Management Inc. Sells 95 Shares of Fiserv, Inc. (NYSE:FI)

Liberty Capital Management Inc. decreased its position in Fiserv, Inc. (NYSE:FI) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,146 shares of the business services provider’s stock after selling 95 shares during the quarter. Fiserv accounts for approximately 2.4% of Liberty Capital Management Inc.’s holdings, making the stock its 9th largest position. Liberty Capital Management Inc.’s holdings in Fiserv were worth $10,712,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. FMR LLC grew its holdings 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 valued at $1,696,341,000 after purchasing an additional 1,427,664 shares during the last quarter. Sanders Capital LLC acquired a new position in Fiserv during the 3rd quarter valued at approximately $764,543,000. Barclays PLC grew its stake in Fiserv by 3.0% during the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after buying an additional 48,413 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in Fiserv by 0.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock valued at $236,739,000 after buying an additional 4,218 shares during the last quarter. Finally, National Pension Service boosted 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 valued at $199,801,000 after acquiring an additional 93,508 shares during the period. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Performance

Shares of NYSE FI opened at $230.18 on Monday. Fiserv, Inc. has a 52-week low of $142.14 and a 52-week high of $233.26. The stock has a market capitalization of $130.95 billion, a price-to-earnings ratio of 42.71, a PEG ratio of 1.52 and a beta of 0.94. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The stock’s fifty day simple moving average is $209.01 and its 200 day simple moving average is $193.52.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping 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, sell-side analysts forecast that Fiserv, Inc. will post 10.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on FI shares. UBS Group increased their price objective on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Compass Point began coverage on shares of Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target on the stock. TD Cowen boosted 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. Stephens increased their price objective on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Two investment 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 stock. Based on data from MarketBeat, Fiserv currently has an average rating of “Buy” and an average target price of $235.91.

Insider Activity

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 transaction of $4,468,394.81. Following the completion of the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.75% of the stock is owned by company 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.