Hemenway Trust Co LLC Lowers Stake in Fiserv, Inc. (NYSE:FI)

Hemenway Trust Co LLC decreased its position in Fiserv, Inc. (NYSE:FI) by 4.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 269,946 shares of the business services provider’s stock after selling 11,369 shares during the quarter. Fiserv makes up 3.8% of Hemenway Trust Co LLC’s portfolio, making the stock its 6th biggest holding. Hemenway Trust Co LLC’s holdings in Fiserv were worth $48,496,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. ORG Partners LLC raised its stake in shares of Fiserv by 3,016.0% in the second quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock worth $486,000 after buying an additional 3,197 shares during the period. Park Place Capital Corp raised its stake in Fiserv by 66.3% during the 3rd quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock valued at $1,259,000 after purchasing an additional 2,794 shares during the period. Radnor Capital Management LLC purchased a new position in Fiserv in the 3rd quarter worth approximately $1,543,000. Acadian Asset Management LLC lifted its holdings in Fiserv by 377.3% in the 1st quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock worth $9,047,000 after purchasing an additional 44,776 shares in the last quarter. Finally, BDF Gestion purchased a new position in Fiserv in the 2nd quarter worth approximately $2,981,000. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In related news, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction 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 completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the transaction, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders sold 257,890 shares of company stock worth $46,968,117 in the last three months. 0.75% of the stock is owned by insiders.

Analyst Ratings Changes

FI has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price target on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. BTIG Research initiated coverage on Fiserv in a report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price target on the stock. Morgan Stanley boosted their price target on Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Barclays lifted their price objective on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, BMO Capital Markets lifted their price objective on Fiserv from $175.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $207.25.

Fiserv Trading Down 0.1 %

FI traded down $0.29 during trading hours on Tuesday, reaching $214.57. 49,705 shares of the company’s stock traded hands, compared to its average volume of 2,473,897. The firm has a 50-day moving average price of $188.18 and a 200 day moving average price of $167.00. Fiserv, Inc. has a 52-week low of $121.07 and a 52-week high of $215.45. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $122.07 billion, a PE ratio of 41.32, a PEG ratio of 1.61 and a beta of 0.92.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the prior year, the business earned $1.96 EPS. 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 8.77 EPS for the current fiscal year.

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.