Middleton & Co. Inc. MA Lowers Stake in Fiserv, Inc. (NYSE:FI)

Middleton & Co. Inc. MA cut its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 54,223 shares of the business services provider’s stock after selling 631 shares during the period. Middleton & Co. Inc. MA’s holdings in Fiserv were worth $9,741,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new position in Fiserv in the 4th quarter valued at about $3,292,000. Wealthcare Advisory Partners LLC acquired a new position in Fiserv in the first quarter valued at about $254,000. Fifth Third Wealth Advisors LLC purchased a new position in Fiserv during the first quarter worth about $205,000. Courier Capital LLC acquired a new stake in shares of Fiserv during the first quarter valued at about $209,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Fiserv in the 1st quarter worth approximately $216,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on FI. UBS Group lifted their price objective on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price target on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a report on Wednesday. TD Cowen increased their price objective on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday. Oppenheimer assumed coverage on Fiserv in a research report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 target price on the stock. Finally, Barclays raised their price objective on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and an average target price of $204.38.

Fiserv Price Performance

FI stock opened at $199.52 on Friday. The stock’s 50 day moving average price is $180.04 and its 200 day moving average price is $162.37. The firm has a market cap of $116.74 billion, a P/E ratio of 37.29, a PEG ratio of 1.44 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a 1 year low of $111.53 and a 1 year high of $204.50.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate of $2.26 by $0.04. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the firm posted $1.96 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, sell-side analysts expect that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In other news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP John Gibbons sold 18,890 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the sale, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 227,890 shares of company stock valued at $40,934,217. Company insiders own 0.75% of the company’s stock.

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.