Fiserv, Inc. (NYSE:FI) Shares Sold by Eagle Rock Investment Company LLC

Eagle Rock Investment Company LLC decreased its position in shares of Fiserv, Inc. (NYSE:FI) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,004 shares of the business services provider’s stock after selling 196 shares during the quarter. Fiserv comprises about 1.7% of Eagle Rock Investment Company LLC’s investment portfolio, making the stock its 16th largest holding. Eagle Rock Investment Company LLC’s holdings in Fiserv were worth $10,272,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Clean Yield Group grew its holdings in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC boosted its position 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 acquiring an additional 57 shares during the period. Kennebec Savings Bank bought a new position in shares of Fiserv in the third quarter worth $40,000. Friedenthal Financial acquired a new position in shares of Fiserv during the fourth quarter valued at $49,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Fiserv during the third quarter valued at about $44,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of recent analyst reports. Stephens reiterated an “overweight” rating and issued a $255.00 target price on shares of Fiserv in a research report on Thursday, January 2nd. Mizuho raised their price objective on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Compass Point began coverage on Fiserv in a report on Wednesday, November 20th. They set a “buy” rating and a $278.00 target price on the stock. Tigress Financial increased their price target on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company boosted their price objective on Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $224.00.

Fiserv Trading Up 1.0 %

Fiserv stock opened at $206.21 on Friday. The company has a 50 day moving average price of $209.55 and a 200 day moving average price of $186.20. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv, Inc. has a 52 week low of $136.48 and a 52 week high of $223.23. The firm has a market capitalization of $117.32 billion, a price-to-earnings ratio of 39.66, a P/E/G ratio of 1.32 and a beta of 0.94.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. Fiserv’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.96 earnings per share. Research analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Activity

In related news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the sale, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the transaction, the director now directly owns 33,235 shares in the company, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,821 shares of company stock worth $18,581,095 in the last 90 days. Company insiders own 0.75% of the company’s stock.

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.