Meeder Advisory Services Inc. Sells 173 Shares of Fiserv, Inc. (NYSE:FI)

Meeder Advisory Services Inc. lowered its position in Fiserv, Inc. (NYSE:FI) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,890 shares of the business services provider’s stock after selling 173 shares during the period. Meeder Advisory Services Inc.’s holdings in Fiserv were worth $2,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. ORG Partners LLC increased its position 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 worth $486,000 after acquiring an additional 3,197 shares during the period. Park Place Capital Corp increased its holdings in 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 buying an additional 2,794 shares during the period. Radnor Capital Management LLC purchased a new position in Fiserv during the third quarter valued at approximately $1,543,000. Maxwell Wealth Strategies Inc. increased its holdings in Fiserv by 23.6% during the third quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider’s stock valued at $2,696,000 after buying an additional 2,869 shares during the period. Finally, Acadian Asset Management LLC grew 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 purchasing an additional 44,776 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

NYSE:FI opened at $211.09 on Monday. 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 firm has a market capitalization of $120.09 billion, a price-to-earnings ratio of 40.56, a PEG ratio of 1.61 and a beta of 0.92. The company’s 50-day moving average is $191.36 and its two-hundred day moving average is $168.67. Fiserv, Inc. has a 1-year low of $121.86 and a 1-year high of $215.50.

Fiserv (NYSE:FI) last issued 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. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.96 EPS. Analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current year.

Analysts Set New Price Targets

FI has been the topic of several analyst reports. Jefferies Financial Group lifted their price target on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Morgan Stanley lifted their price target on shares of Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Citigroup lifted their price target on shares of Fiserv from $187.00 to $226.00 in a report on Tuesday, October 22nd. The Goldman Sachs Group lifted their price target on shares of Fiserv from $188.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Four 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $209.74.

Insiders Place Their Bets

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value 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. This represents a 34.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Heidi Miller sold 30,000 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the transaction, the director now directly owns 33,235 shares in the company, valued at $6,684,555.55. This trade represents a 47.44 % 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 worth $47,477,232 in the last ninety days. 0.75% of the stock is owned by corporate insiders.

Fiserv 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.