OneDigital Investment Advisors LLC Sells 2,142 Shares of Fiserv, Inc. (NYSE:FI)

OneDigital Investment Advisors LLC decreased its position in shares of Fiserv, Inc. (NYSE:FI) by 7.4% during the third quarter, HoldingsChannel reports. The firm owned 26,724 shares of the business services provider’s stock after selling 2,142 shares during the period. OneDigital Investment Advisors LLC’s holdings in Fiserv were worth $4,801,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FI. Quent Capital LLC grew its position in Fiserv by 5.9% during the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after acquiring an additional 68 shares during the last quarter. Nwam LLC purchased a new stake in Fiserv during the 1st quarter valued at about $239,000. M&G Plc bought a new position in Fiserv during the 1st quarter worth approximately $10,068,000. Acadian Asset Management LLC increased its stake 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 during the period. Finally, Ironsides Asset Advisors LLC lifted its position in Fiserv by 11.6% in the first quarter. Ironsides Asset Advisors LLC now owns 3,695 shares of the business services provider’s stock valued at $591,000 after purchasing an additional 385 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FI. Tigress Financial raised their target price on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Jefferies Financial Group raised their price target on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group upped their price objective on shares of Fiserv from $188.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. William Blair raised Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Finally, BTIG Research began coverage on Fiserv in a report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price target on the stock. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $207.25.

Insider Transactions at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 254,711 shares of company stock valued at $47,477,232 in the last quarter. 0.75% of the stock is owned by insiders.

Fiserv Trading Up 0.0 %

NYSE:FI opened at $210.92 on Friday. Fiserv, Inc. has a one year low of $121.86 and a one year high of $215.50. The company’s 50-day simple moving average is $190.54 and its 200 day simple moving average is $168.03. The firm has a market capitalization of $120.00 billion, a P/E ratio of 40.56, a PEG ratio of 1.63 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.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating 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 company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter last year, the company earned $1.96 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, analysts forecast 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.