Crestwood Advisors Group LLC Sells 868 Shares of Fiserv, Inc. (NYSE:FI)

Crestwood Advisors Group LLC trimmed its holdings in Fiserv, Inc. (NYSE:FI) by 0.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 660,812 shares of the business services provider’s stock after selling 868 shares during the period. Fiserv accounts for approximately 2.3% of Crestwood Advisors Group LLC’s holdings, making the stock its 6th largest holding. Crestwood Advisors Group LLC’s holdings in Fiserv were worth $118,714,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Geneva Partners LLC raised its holdings in Fiserv by 24.0% in the third quarter. Geneva Partners LLC now owns 28,181 shares of the business services provider’s stock valued at $5,063,000 after buying an additional 5,460 shares during the period. W.H. Cornerstone Investments Inc. acquired a new stake in Fiserv in the third quarter valued at approximately $204,000. PDS Planning Inc increased its stake in Fiserv by 18.6% during the 3rd quarter. PDS Planning Inc now owns 3,397 shares of the business services provider’s stock worth $610,000 after buying an additional 532 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Fiserv by 1.5% during the third quarter. Asset Management One Co. Ltd. now owns 228,083 shares of the business services provider’s stock worth $40,975,000 after acquiring an additional 3,457 shares during the last quarter. Finally, National Pension Service increased its holdings in Fiserv by 9.2% during the 3rd quarter. National Pension Service now owns 1,112,168 shares of the business services provider’s stock worth $199,801,000 after purchasing an additional 93,508 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Fiserv news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP John Gibbons sold 18,890 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the transaction, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $27,005,424.03. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 257,890 shares of company stock worth $46,968,117. Corporate insiders own 0.75% of the company’s stock.

Fiserv Price Performance

NYSE:FI traded down $1.03 during midday trading on Tuesday, hitting $199.79. 161,128 shares of the stock were exchanged, compared to its average volume of 2,472,745. The company has a market capitalization of $113.66 billion, a price-to-earnings ratio of 38.62, a P/E/G ratio of 1.54 and a beta of 0.92. 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, Inc. has a one year low of $118.42 and a one year high of $204.50. The business has a 50-day moving average price of $184.49 and a two-hundred day moving average price of $164.96.

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

Wall Street Analyst Weigh In

FI has been the topic of a number of research analyst reports. Susquehanna increased their price objective on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, October 18th. Wells Fargo & Company lifted their price target on shares of Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Royal Bank of Canada increased their price objective on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. UBS Group lifted their target price on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group upped 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. Four investment 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $207.25.

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.