Fiserv, Inc. (NYSE:FI) Holdings Cut by Zions Bancorporation N.A.

Zions Bancorporation N.A. reduced its stake in shares of Fiserv, Inc. (NYSE:FI) by 14.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 710 shares of the business services provider’s stock after selling 121 shares during the period. Zions Bancorporation N.A.’s holdings in Fiserv were worth $128,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. ORG Partners LLC lifted its holdings in Fiserv by 3,016.0% in the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock worth $486,000 after purchasing an additional 3,197 shares during the last quarter. Park Place Capital Corp boosted its holdings in shares of Fiserv by 66.3% during the 3rd quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock worth $1,259,000 after buying an additional 2,794 shares during the period. Radnor Capital Management LLC acquired a new position in Fiserv in the 3rd quarter valued at $1,543,000. Acadian Asset Management LLC raised its holdings in Fiserv by 377.3% in the 1st quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock worth $9,047,000 after acquiring an additional 44,776 shares during the period. Finally, BDF Gestion bought a new position in Fiserv in the 2nd quarter worth $2,981,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the transaction, the director now owns 76,180 shares in the company, valued at $15,386,074.60. This trade represents a 34.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 254,711 shares of company stock worth $47,477,232 over the last three months. Corporate insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Jefferies Financial Group raised their target price on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. TD Cowen increased their target price on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Tigress Financial boosted their price target on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. BTIG Research initiated coverage on shares of Fiserv in a research report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price target on the stock. Finally, Royal Bank of Canada lifted their target price on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued 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 a consensus target price of $207.25.

Fiserv Trading Up 0.0 %

NYSE FI opened at $210.92 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv, Inc. has a one year low of $121.86 and a one year high of $215.50. The stock’s 50-day moving average is $190.54 and its 200-day moving average is $168.03. The firm has a market cap of $120.00 billion, a P/E ratio of 40.56, a P/E/G ratio of 1.63 and a beta of 0.92.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the business posted $1.96 earnings per share. Sell-side analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

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.