Geneva Capital Management LLC Sells 6,593 Shares of Fiserv, Inc. (NYSE:FI)

Geneva Capital Management LLC lowered its stake in shares of Fiserv, Inc. (NYSE:FI) by 3.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 214,768 shares of the business services provider’s stock after selling 6,593 shares during the period. Geneva Capital Management LLC’s holdings in Fiserv were worth $38,583,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Quent Capital LLC boosted its position in Fiserv by 5.9% in the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after purchasing an additional 68 shares during the last quarter. Empowered Funds LLC increased its holdings in Fiserv by 18.6% during the first quarter. Empowered Funds LLC now owns 7,628 shares of the business services provider’s stock valued at $1,219,000 after buying an additional 1,199 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Fiserv by 3.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 5,801 shares of the business services provider’s stock worth $927,000 after acquiring an additional 211 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Fiserv by 26.6% during the 1st quarter. Russell Investments Group Ltd. now owns 230,776 shares of the business services provider’s stock valued at $36,859,000 after acquiring an additional 48,438 shares during the period. Finally, Bleakley Financial Group LLC increased its stake in shares of Fiserv by 0.9% in the 1st quarter. Bleakley Financial Group LLC now owns 17,775 shares of the business services provider’s stock worth $2,841,000 after purchasing an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wells Fargo & Company boosted their price target on Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. TD Cowen raised their target price on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. B. Riley upped their price target on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. William Blair upgraded shares of Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Finally, Mizuho increased their price target on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $207.25.

Fiserv Trading Down 0.4 %

FI opened at $213.98 on Wednesday. Fiserv, Inc. has a 12 month low of $121.07 and a 12 month high of $215.45. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a 50-day moving average of $188.18 and a 200 day moving average of $167.00. The firm has a market cap of $121.74 billion, a P/E ratio of 41.15, a P/E/G ratio of 1.64 and a beta of 0.92.

Fiserv (NYSE:FI) last released its earnings results 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 firm had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.96 EPS. As a group, research analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Activity

In related 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 transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $27,005,424.03. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 257,890 shares of company stock valued at $46,968,117. 0.75% of the stock is currently owned by company insiders.

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.