Intech Investment Management LLC Has $8.84 Million Holdings in Fiserv, Inc. (NYSE:FI)

Intech Investment Management LLC cut its stake in shares of Fiserv, Inc. (NYSE:FI) by 9.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,229 shares of the business services provider’s stock after selling 5,170 shares during the period. Intech Investment Management LLC’s holdings in Fiserv were worth $8,844,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Quent Capital LLC raised its position in shares of 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 buying an additional 68 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings in Fiserv by 7.5% in the first quarter. EP Wealth Advisors LLC now owns 12,041 shares of the business services provider’s stock valued at $1,924,000 after buying an additional 835 shares during the period. Sheaff Brock Investment Advisors LLC acquired a new position in Fiserv in the first quarter valued at $221,000. Capital International Inc. CA raised its holdings in shares of Fiserv by 30.4% during the first quarter. Capital International Inc. CA now owns 3,074 shares of the business services provider’s stock valued at $491,000 after purchasing an additional 716 shares during the period. Finally, Stonebridge Capital Advisors LLC raised its holdings in shares of Fiserv by 16.1% during the first quarter. Stonebridge Capital Advisors LLC now owns 4,187 shares of the business services provider’s stock valued at $669,000 after purchasing an additional 580 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction 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 owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 sale, the director now directly owns 33,235 shares in the company, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 235,821 shares of company stock valued at $44,299,745 over the last three months. Corporate insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the subject of several recent research reports. Oppenheimer assumed coverage on shares of Fiserv in a research report on Tuesday, October 1st. They set an “outperform” rating and a $203.00 target price for the company. BTIG Research assumed coverage on shares of Fiserv in a research report on Wednesday, August 28th. They set a “buy” rating and a $200.00 target price for the company. Mizuho upped their price target on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Jefferies Financial Group upped their price target on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, Barclays increased their target price on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $214.29.

Fiserv Stock Down 0.2 %

FI opened at $217.55 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a 50 day moving average price of $194.83 and a 200-day moving average price of $170.25. Fiserv, Inc. has a twelve month low of $125.05 and a twelve month high of $219.11. The stock has a market capitalization of $123.77 billion, a price-to-earnings ratio of 41.84, a PEG ratio of 1.64 and a beta of 0.92.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company earned $1.96 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. Equities research analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current 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.