Fiserv, Inc. (NYSE:FI) Stock Holdings Cut by Graybill Wealth Management LTD.

Graybill Wealth Management LTD. lessened its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,441 shares of the business services provider’s stock after selling 652 shares during the period. Fiserv comprises 2.6% of Graybill Wealth Management LTD.’s investment portfolio, making the stock its 15th largest holding. Graybill Wealth Management LTD.’s holdings in Fiserv were worth $6,906,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FI. Bessemer Group Inc. increased its stake in Fiserv by 67.2% during the first quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock valued at $519,690,000 after acquiring an additional 1,306,901 shares during the period. Capital World Investors grew its stake in shares of Fiserv by 7.4% during the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock valued at $3,011,031,000 after purchasing an additional 1,303,078 shares during the last quarter. Maj Invest Holding A S acquired a new position in shares of Fiserv during the third quarter valued at $172,993,000. Manning & Napier Advisors LLC bought a new position in Fiserv in the second quarter valued at approximately $105,031,000. Finally, American Century Companies Inc. boosted its holdings in Fiserv by 1,642.5% during the second quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock worth $74,556,000 after buying an additional 471,531 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FI. William Blair upgraded shares of Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $183.00 price objective on shares of Fiserv in a research report on Wednesday, October 2nd. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Keefe, Bruyette & Woods boosted their price objective on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, B. Riley lifted their price target on shares of Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.83.

Fiserv Stock Performance

Shares of NYSE:FI traded down $2.03 during trading on Tuesday, hitting $195.14. 1,126,101 shares of the company were exchanged, compared to its average volume of 2,462,995. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $198.86. The company has a market cap of $114.18 billion, a PE ratio of 36.11, a P/E/G ratio of 1.44 and a beta of 0.93. The stock has a 50 day moving average of $177.77 and a 200 day moving average of $161.51.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the prior year, the firm posted $1.81 EPS. Fiserv’s revenue was up 7.4% on a year-over-year basis. As a group, equities research analysts predict that Fiserv, Inc. will post 8.74 EPS for the current year.

Insider Buying and Selling

In other news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated 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 directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 187,890 shares of company stock worth $32,855,417 over the last ninety days. 0.75% of the stock is owned by corporate insiders.

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.