Mill Creek Capital Advisors LLC Trims Holdings in Fiserv, Inc. (NYSE:FI)

Mill Creek Capital Advisors LLC decreased its stake in shares of Fiserv, Inc. (NYSE:FI) by 11.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 11,914 shares of the business services provider’s stock after selling 1,500 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Fiserv were worth $2,140,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. ORG Partners LLC lifted its holdings in shares of Fiserv by 3,016.0% in the second quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock worth $486,000 after buying an additional 3,197 shares in the last quarter. Park Place Capital Corp lifted its stake in Fiserv by 66.3% in the 3rd quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock worth $1,259,000 after purchasing an additional 2,794 shares in the last quarter. Radnor Capital Management LLC bought a new position in Fiserv in the 3rd quarter valued at $1,543,000. Acadian Asset Management LLC grew its position in shares of Fiserv by 377.3% during the 1st quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock valued at $9,047,000 after purchasing an additional 44,776 shares in the last quarter. Finally, BDF Gestion bought a new position in shares of Fiserv in the second quarter worth $2,981,000. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

FI has been the subject of several research analyst reports. KeyCorp lifted their price objective on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Barclays lifted their price target on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. TD Cowen upped their price objective on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. BMO Capital Markets lifted their target price on shares of Fiserv from $175.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Finally, Oppenheimer assumed coverage on shares of Fiserv in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price target for the company. Four investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $209.74.

Fiserv Stock Performance

NYSE:FI opened at $210.92 on Friday. 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, Inc. has a fifty-two week low of $121.86 and a fifty-two week high of $215.50. The firm has a market cap of $120.00 billion, a PE ratio of 40.56, a price-to-earnings-growth ratio of 1.63 and a beta of 0.92. The business has a 50 day moving average price of $191.36 and a 200-day moving average price of $168.54.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating 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 prior year, the company posted $1.96 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities research analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insider Activity at Fiserv

In other news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The trade was a 40.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 254,711 shares of company stock worth $47,477,232 in the last 90 days. Company insiders own 0.75% of the company’s stock.

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.