Fiserv, Inc. (NYSE:FI) Shares Sold by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 4.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,489 shares of the business services provider’s stock after selling 268 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Fiserv were worth $1,166,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Shields & Co. LLC acquired a new position in shares of Fiserv in the 1st quarter worth $25,000. Family Firm Inc. purchased a new position in Fiserv in the 2nd quarter worth about $31,000. Clean Yield Group raised its holdings in Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares during the period. Cedar Mountain Advisors LLC lifted its stake in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its holdings in shares of Fiserv by 95.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after buying an additional 127 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

FI opened at $215.15 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $122.40 billion, a PE ratio of 41.38, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92. The stock has a 50-day moving average of $193.02 and a 200-day moving average of $169.59. Fiserv, Inc. has a 52-week low of $121.86 and a 52-week high of $216.93.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the prior year, the business earned $1.96 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. As a group, equities research analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the transaction, the director now directly owns 33,235 shares in the company, valued at $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The trade was a 4.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 235,821 shares of company stock worth $44,299,745 in the last quarter. 0.75% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FI has been the subject of a number of recent analyst reports. Mizuho raised their price objective on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Royal Bank of Canada raised their target price on Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. William Blair raised Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. Barclays raised their price objective on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods upped their target price on Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $211.52.

Fiserv Company 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.