Oak Harbor Wealth Partners LLC Sells 70 Shares of Fiserv, Inc. (NYSE:FI)

Oak Harbor Wealth Partners LLC lessened its position in Fiserv, Inc. (NYSE:FI) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,908 shares of the business services provider’s stock after selling 70 shares during the period. Oak Harbor Wealth Partners LLC’s holdings in Fiserv were worth $522,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of FI. Quent Capital LLC increased its stake in Fiserv by 5.9% in the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after purchasing an additional 68 shares in the last quarter. Entropy Technologies LP boosted its holdings in shares of Fiserv by 66.0% in the first quarter. Entropy Technologies LP now owns 4,269 shares of the business services provider’s stock valued at $682,000 after buying an additional 1,698 shares during the period. Trillium Asset Management LLC bought a new stake in shares of Fiserv during the first quarter worth $206,000. Nwam LLC bought a new stake in shares of Fiserv during the first quarter worth $239,000. Finally, Cumberland Partners Ltd bought a new stake in shares of Fiserv during the first quarter worth $831,000. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of Fiserv 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 sale, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. This trade represents a 40.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 254,711 shares of company stock valued at $47,477,232 in the last ninety days. 0.75% of the stock is currently owned by company insiders.

Fiserv Stock Performance

NYSE FI opened at $210.87 on Friday. The firm has a 50-day moving average of $189.77 and a 200-day moving average of $167.73. 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 stock has a market cap of $119.97 billion, a PE ratio of 40.55, a P/E/G ratio of 1.63 and a beta of 0.92. Fiserv, Inc. has a 52-week low of $121.86 and a 52-week high of $215.50.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share 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 during the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the previous year, the company earned $1.96 EPS. The business’s revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on FI. Jefferies Financial Group increased their price objective on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. BTIG Research started coverage on shares of Fiserv in a research report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price objective for the company. Wells Fargo & Company raised their target price on shares of Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, William Blair raised shares of Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. Four equities research 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $207.25.

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.