Generate Investment Management Ltd Sells 3,267 Shares of Fiserv, Inc. (NYSE:FI)

Generate Investment Management Ltd decreased its stake in Fiserv, Inc. (NYSE:FI) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,711 shares of the business services provider’s stock after selling 3,267 shares during the period. Fiserv accounts for approximately 2.0% of Generate Investment Management Ltd’s holdings, making the stock its 13th largest position. Generate Investment Management Ltd’s holdings in Fiserv were worth $30,129,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cedar Mountain Advisors LLC grew its stake in Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares in the last quarter. Atwood & Palmer Inc. grew its stake in shares of Fiserv by 6.6% in the third quarter. Atwood & Palmer Inc. now owns 1,066 shares of the business services provider’s stock valued at $192,000 after buying an additional 66 shares in the last quarter. Cooper Financial Group increased its holdings in Fiserv by 3.1% during the first quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock worth $358,000 after buying an additional 67 shares during the last quarter. Quent Capital LLC raised its position in Fiserv by 5.9% during the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after acquiring an additional 68 shares in the last quarter. Finally, Fielder Capital Group LLC lifted its stake in Fiserv by 3.3% in the second quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock valued at $317,000 after acquiring an additional 68 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FI. KeyCorp upped their target price on shares of Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Susquehanna raised their price objective on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research report on Friday. Morgan Stanley boosted their target price on Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday. Citigroup upgraded Fiserv to a “strong-buy” rating in a research note on Thursday, July 25th. Finally, Wells Fargo & Company lifted their price objective on shares of Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $187.92.

Insider Activity

In related news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $27,005,424.03. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $27,005,424.03. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 187,890 shares of company stock worth $32,855,417. Insiders own 0.75% of the company’s stock.

Fiserv Trading Up 0.8 %

Shares of Fiserv stock opened at $197.30 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $198.86. The company has a market capitalization of $115.44 billion, a price-to-earnings ratio of 36.88, a PEG ratio of 1.44 and a beta of 0.93. The firm’s 50-day moving average price is $177.05 and its two-hundred day moving average price is $161.16.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same quarter last year, the business posted $1.81 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, analysts forecast that Fiserv, Inc. will post 8.74 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.