Fiserv, Inc. (NYSE:FI) Stock Holdings Lowered by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA cut its position in Fiserv, Inc. (NYSE:FI) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 54,223 shares of the business services provider’s stock after selling 631 shares during the quarter. Middleton & Co. Inc. MA’s holdings in Fiserv were worth $9,741,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in Fiserv by 0.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 44,720,962 shares of the business services provider’s stock worth $7,147,305,000 after purchasing an additional 417,459 shares during the period. Capital World Investors boosted its stake in Fiserv by 7.4% during the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock valued at $3,011,031,000 after buying an additional 1,303,078 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Fiserv by 0.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider’s stock valued at $1,069,204,000 after purchasing an additional 64,332 shares in the last quarter. Legal & General Group Plc lifted its stake in Fiserv by 1.9% during the second quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider’s stock valued at $687,489,000 after purchasing an additional 85,598 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Fiserv by 67.2% during the first quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock worth $519,690,000 after buying an additional 1,306,901 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Down 1.9 %

Shares of FI stock opened at $199.52 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $116.74 billion, a P/E ratio of 37.29, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. Fiserv, Inc. has a 1 year low of $111.53 and a 1 year high of $204.50. The firm’s fifty day simple moving average is $180.04 and its 200 day simple moving average is $162.37.

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. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the company posted $1.96 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, sell-side analysts predict that Fiserv, Inc. will post 8.74 EPS for the current year.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $27,005,424.03. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 227,890 shares of company stock valued at $40,934,217 in the last ninety days. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FI shares. Susquehanna upped their price target on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a report on Friday, October 18th. TD Cowen boosted their target price on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday. KeyCorp increased their price target on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday. B. Riley boosted their price objective on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Jefferies Financial Group lifted their target price on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $204.38.

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.