Fiserv, Inc. (NYSE:FI) Shares Sold by Monarch Capital Management Inc.

Monarch Capital Management Inc. cut its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,794 shares of the business services provider’s stock after selling 466 shares during the period. Fiserv comprises approximately 1.7% of Monarch Capital Management Inc.’s investment portfolio, making the stock its 24th biggest holding. Monarch Capital Management Inc.’s holdings in Fiserv were worth $6,120,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Clean Yield Group grew its stake in shares of 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 period. Cedar Mountain Advisors LLC boosted its holdings in Fiserv by 42.5% during the third 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 in the last quarter. Newbridge Financial Services Group Inc. grew its position in Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after buying an additional 127 shares during the period. Kennebec Savings Bank purchased a new position in Fiserv in the third quarter valued at $40,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Fiserv in the third quarter worth about $44,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FI has been the topic of a number of analyst reports. Keefe, Bruyette & Woods raised their target price on Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Wells Fargo & Company raised their price objective on Fiserv from $220.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Oppenheimer lifted their price target on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Finally, Barclays upped their price objective on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $224.00.

Fiserv Stock Up 1.2 %

Shares of FI opened at $208.67 on Friday. The stock has a fifty day simple moving average of $209.45 and a two-hundred day simple moving average of $186.76. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $118.71 billion, a PE ratio of 40.13, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. Fiserv, Inc. has a 52-week low of $136.93 and a 52-week high of $223.23.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.04. The firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. Fiserv’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $1.96 earnings per share. As a group, equities analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Buying and Selling

In other news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the transaction, the director now owns 33,235 shares in the company, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,821 shares of company stock worth $18,581,095. Company insiders own 0.75% of the company’s stock.

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.