Ellis Investment Partners LLC Sells 128 Shares of Fiserv, Inc. (NYSE:FI)

Ellis Investment Partners LLC decreased its stake in shares of Fiserv, Inc. (NYSE:FI) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,611 shares of the business services provider’s stock after selling 128 shares during the period. Ellis Investment Partners LLC’s holdings in Fiserv were worth $828,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. grew its position in shares of Fiserv by 67.2% in the first quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock valued at $519,690,000 after purchasing an additional 1,306,901 shares during the last quarter. Capital World Investors grew its holdings in shares of Fiserv by 7.4% during the 1st quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock worth $3,011,031,000 after purchasing an additional 1,303,078 shares in the last quarter. Maj Invest Holding A S acquired a new stake in Fiserv during the third quarter worth about $172,993,000. Manning & Napier Advisors LLC bought a new position in Fiserv in the second quarter valued at approximately $105,031,000. Finally, American Century Companies Inc. grew its position in Fiserv by 1,642.5% in the second quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock valued at $74,556,000 after acquiring an additional 471,531 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of Fiserv stock traded down $3.77 during trading hours on Friday, hitting $199.52. 2,436,675 shares of the company’s stock traded hands, compared to its average volume of 2,607,996. The company has a fifty day simple moving average of $180.68 and a 200-day simple moving average of $162.71. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.06. The stock has a market capitalization of $114.87 billion, a price-to-earnings ratio of 38.37, a PEG ratio of 1.53 and a beta of 0.93. Fiserv, Inc. has a 12-month low of $111.53 and a 12-month high of $204.50.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the firm posted $1.96 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 227,890 shares of company stock valued at $40,934,217. Company insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FI shares. UBS Group upped their target price on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday. KeyCorp lifted their price objective on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday. Wells Fargo & Company raised their target price on Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday. William Blair raised Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Finally, Oppenheimer assumed coverage on Fiserv in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $204.38.

About Fiserv

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.