Fiserv, Inc. (NYSE:FI) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd cut its stake in shares of Fiserv, Inc. (NYSE:FI) by 5.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 48,144 shares of the business services provider’s stock after selling 2,658 shares during the period. Gulf International Bank UK Ltd’s holdings in Fiserv were worth $8,649,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Waypoint Capital Advisors LLC increased its position in Fiserv by 1.7% during the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after purchasing an additional 51 shares during the last quarter. Optas LLC raised its position in shares of Fiserv by 1.7% during the 3rd quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock worth $578,000 after acquiring an additional 54 shares in the last quarter. Cedar Mountain Advisors LLC grew its holdings in shares of 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 purchasing an additional 57 shares during the last quarter. West Bancorporation Inc. grew its position in Fiserv by 3.8% during the 3rd quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider’s stock worth $296,000 after purchasing an additional 61 shares during the last quarter. Finally, Atwood & Palmer Inc. grew its position in Fiserv by 6.6% in the 3rd quarter. Atwood & Palmer Inc. now owns 1,066 shares of the business services provider’s stock valued at $192,000 after buying an additional 66 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Trading Down 0.6 %

Shares of Fiserv stock opened at $200.82 on Tuesday. Fiserv, Inc. has a 52-week low of $118.42 and a 52-week high of $204.50. The firm has a market capitalization of $114.25 billion, a PE ratio of 38.62, a price-to-earnings-growth ratio of 1.54 and a beta of 0.92. 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’s fifty day moving average price is $184.49 and its two-hundred day moving average price is $164.96.

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

Analyst Upgrades and Downgrades

FI has been the subject of a number of recent analyst reports. Morgan Stanley raised their target price on Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Royal Bank of Canada boosted their price objective on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Susquehanna raised their price objective on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. upped their target price on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, BTIG Research initiated coverage on Fiserv in a research report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and an average target price of $207.25.

Insider Transactions at Fiserv

In other Fiserv news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the sale, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the company’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 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 trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 257,890 shares of company stock valued at $46,968,117 over the last three months. 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.