Fiserv, Inc. (NYSE:FI) Shares Sold by Focused Investors LLC

Focused Investors LLC trimmed its position in Fiserv, Inc. (NYSE:FI) by 1.3% in the third quarter, Holdings Channel reports. The fund owned 1,246,200 shares of the business services provider’s stock after selling 16,300 shares during the quarter. Fiserv accounts for 6.8% of Focused Investors LLC’s portfolio, making the stock its 3rd largest holding. Focused Investors LLC’s holdings in Fiserv were worth $223,880,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of FI. Wellington Shields & Co. LLC acquired a new position in shares of Fiserv during the first quarter worth $25,000. Clean Yield Group raised its position in Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC lifted its holdings in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares during the period. Family Firm Inc. bought a new stake in shares of Fiserv in the 2nd quarter valued at about $31,000. Finally, Kennebec Savings Bank acquired a new stake in shares of Fiserv in the third quarter valued at about $40,000. 90.98% of the stock is currently owned by institutional investors.

Insider Activity at Fiserv

In other Fiserv news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the sale, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Kenneth Best sold 20,821 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the transaction, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 254,711 shares of company stock valued at $47,477,232. 0.75% of the stock is owned by insiders.

Fiserv Stock Performance

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. The company has a fifty day moving average price of $191.36 and a 200-day moving average price of $168.54. Fiserv, Inc. has a 1 year low of $121.86 and a 1 year high of $215.50. The firm has a market cap of $120.00 billion, a price-to-earnings ratio of 40.56, a PEG ratio of 1.61 and a beta of 0.92.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on FI shares. Royal Bank of Canada upped their target price on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. 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 objective for the company. JPMorgan Chase & Co. boosted their target price on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods increased their price target on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Stephens boosted their price objective on Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $209.74.

Fiserv 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.