Invesco LLC Decreases Stock Holdings in Fiserv, Inc. (NYSE:FI)

Invesco LLC reduced its position in shares of Fiserv, Inc. (NYSE:FI) by 12.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,109 shares of the business services provider’s stock after selling 303 shares during the period. Invesco LLC’s holdings in Fiserv were worth $379,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Norden Group LLC purchased a new stake in shares of Fiserv in the 1st quarter worth about $2,359,000. ORG Partners LLC increased its stake in shares of Fiserv by 3,016.0% during the second quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock valued at $486,000 after purchasing an additional 3,197 shares in the last quarter. Park Place Capital Corp lifted its holdings in shares of Fiserv by 66.3% during the third quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock valued at $1,259,000 after purchasing an additional 2,794 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Fiserv by 377.3% in the first quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock worth $9,047,000 after acquiring an additional 44,776 shares in the last quarter. Finally, Choate Investment Advisors grew its position in Fiserv by 80.6% during the 1st quarter. Choate Investment Advisors now owns 81,441 shares of the business services provider’s stock valued at $13,016,000 after purchasing an additional 36,347 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Insider Buying and Selling at Fiserv

In other news, CEO Frank Bisignano sold 145,000 shares of Fiserv 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 directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $27,005,424.03. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction dated 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 directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 257,890 shares of company stock valued at $46,968,117 in the last quarter. 0.75% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Citigroup lifted their target price on shares of Fiserv from $187.00 to $226.00 in a report on Tuesday, October 22nd. Stephens lifted their price objective on Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods upped their target price on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. B. Riley lifted their price target on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, Mizuho raised their target price on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $207.25.

Fiserv Trading Up 2.1 %

Shares of FI traded up $4.15 during midday trading on Friday, hitting $202.05. The stock had a trading volume of 4,239,704 shares, compared to its average volume of 2,485,753. Fiserv, Inc. has a 1 year low of $114.32 and a 1 year high of $204.50. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s 50 day moving average is $183.87 and its 200 day moving average is $164.33. The firm has a market cap of $114.95 billion, a PE ratio of 38.89, a price-to-earnings-growth ratio of 1.53 and a beta of 0.93.

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

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.