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

Fifth Third Wealth Advisors LLC lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 4.0% during the 3rd quarter, according to its most recent 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 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FI. OneAscent Financial Services LLC acquired a new position in Fiserv during the third quarter worth approximately $336,000. Capital City Trust Co. FL grew its holdings in Fiserv by 2.4% during the third quarter. Capital City Trust Co. FL now owns 27,582 shares of the business services provider’s stock worth $4,955,000 after acquiring an additional 636 shares during the period. GLOBALT Investments LLC GA grew its stake in shares of Fiserv by 2.5% during the 3rd quarter. GLOBALT Investments LLC GA now owns 12,785 shares of the business services provider’s stock worth $2,297,000 after purchasing an additional 306 shares during the period. Quest Partners LLC increased its holdings in Fiserv by 72,800.0% in the third quarter. Quest Partners LLC now owns 729 shares of the business services provider’s stock valued at $131,000 after buying an additional 728 shares in the last quarter. Finally, Claro Advisors LLC increased its stake in Fiserv by 3.3% in the 3rd quarter. Claro Advisors LLC now owns 2,088 shares of the business services provider’s stock valued at $375,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated Friday, September 20th. The shares were 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. This trade represents a 4.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the sale, the director now owns 76,180 shares in the company, valued at $15,386,074.60. The trade was a 34.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 235,821 shares of company stock valued at $44,299,745. Company insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

Shares of FI stock opened at $215.15 on Wednesday. The stock has a market capitalization of $122.40 billion, a price-to-earnings ratio of 41.38, a PEG ratio of 1.61 and a beta of 0.92. Fiserv, Inc. has a one year low of $121.86 and a one year high of $216.93. The company’s 50-day simple moving average is $193.02 and its 200-day simple moving average is $169.59. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07.

Fiserv (NYSE:FI) last issued its earnings results 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. The company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.96 EPS. Equities analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. KeyCorp lifted their target price on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group increased their target price on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods lifted their price target on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Susquehanna boosted their price target on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, October 18th. Finally, The Goldman Sachs Group raised their price target on shares of Fiserv from $188.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Fiserv has an average rating of “Moderate Buy” and an average 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.