Mendota Financial Group LLC Sells 262 Shares of Fiserv, Inc. (NYSE:FI)

Mendota Financial Group LLC decreased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 54.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 221 shares of the business services provider’s stock after selling 262 shares during the period. Mendota Financial Group LLC’s holdings in Fiserv were worth $45,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Signal Advisors Wealth LLC grew its holdings in shares of Fiserv by 2.6% in the 4th quarter. Signal Advisors Wealth LLC now owns 4,006 shares of the business services provider’s stock worth $823,000 after purchasing an additional 100 shares during the last quarter. Ayrshire Capital Management LLC increased its holdings in shares of Fiserv by 3.8% during the fourth quarter. Ayrshire Capital Management LLC now owns 46,635 shares of the business services provider’s stock worth $9,580,000 after buying an additional 1,726 shares in the last quarter. Cullen Investment Group LTD. raised its stake in shares of Fiserv by 0.6% in the fourth quarter. Cullen Investment Group LTD. now owns 13,819 shares of the business services provider’s stock valued at $2,839,000 after acquiring an additional 78 shares during the last quarter. Marcum Wealth LLC boosted its holdings in shares of Fiserv by 30.4% in the 4th quarter. Marcum Wealth LLC now owns 2,413 shares of the business services provider’s stock worth $496,000 after acquiring an additional 563 shares in the last quarter. Finally, Traveka Wealth LLC bought a new stake in Fiserv during the 4th quarter worth approximately $210,000. 90.98% of the stock is currently owned by institutional investors.

Insider Transactions at Fiserv

In other news, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction dated Wednesday, October 30th. The shares were 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 owns 33,235 shares of the company’s stock, valued at $6,684,555.55. This trade represents a 47.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,821 shares of company stock worth $18,581,095 in the last three months. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FI shares. Mizuho boosted their price objective on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods upped their price target on shares of Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. TD Cowen raised their price objective on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their target price on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley raised their price target on shares of Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $222.88.

Fiserv Stock Performance

FI opened at $201.63 on Tuesday. 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 market capitalization of $114.71 billion, a price-to-earnings ratio of 38.78, a P/E/G ratio of 1.56 and a beta of 0.94. The business’s 50-day moving average price is $209.66 and its two-hundred day moving average price is $185.68. Fiserv, Inc. has a 1 year low of $135.97 and a 1 year high of $223.23.

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

Fiserv Company 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.