Veracity Capital LLC Has $1.72 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Veracity Capital LLC lowered its holdings in shares of Fiserv, Inc. (NYSE:FI) by 14.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,374 shares of the business services provider’s stock after selling 1,432 shares during the period. Fiserv comprises about 0.6% of Veracity Capital LLC’s holdings, making the stock its 23rd biggest position. Veracity Capital LLC’s holdings in Fiserv were worth $1,720,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of FI. Waypoint Capital Advisors LLC grew its holdings in Fiserv by 1.7% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after acquiring an additional 51 shares during the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of Fiserv by 3.0% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock worth $360,000 after purchasing an additional 51 shares during the last quarter. Optas LLC increased its holdings in Fiserv by 1.7% in the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after purchasing an additional 54 shares during the period. Cedar Mountain Advisors LLC increased its holdings in Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares during the period. Finally, Central Valley Advisors LLC raised its position in Fiserv by 0.5% during the 4th quarter. Central Valley Advisors LLC now owns 11,324 shares of the business services provider’s stock worth $2,326,000 after purchasing an additional 57 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, 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 transaction of $4,468,394.81. Following the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Heidi Miller sold 30,000 shares of the stock in a transaction dated 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 sale, 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. Company insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Fiserv stock opened at $206.35 on Friday. The business’s 50 day simple moving average is $209.15 and its 200 day simple moving average is $188.28. Fiserv, Inc. has a 12 month low of $137.13 and a 12 month high of $223.23. The company has a market cap of $117.40 billion, a price-to-earnings ratio of 39.68, a PEG ratio of 1.37 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FI. Citigroup increased their price target on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Susquehanna boosted their price target on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, October 18th. KeyCorp increased their price objective on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, UBS Group boosted their target price on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average price target of $224.00.

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.