Cadence Bank Trims Stock Holdings in Fiserv, Inc. (NYSE:FI)

Cadence Bank cut its holdings in shares of Fiserv, Inc. (NYSE:FI) by 0.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,141 shares of the business services provider’s stock after selling 84 shares during the quarter. Cadence Bank’s holdings in Fiserv were worth $4,517,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Quent Capital LLC grew its holdings in Fiserv by 5.9% during the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after acquiring an additional 68 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Fiserv by 3.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 17,855 shares of the business services provider’s stock valued at $2,854,000 after buying an additional 513 shares in the last quarter. Tidal Investments LLC lifted its holdings in Fiserv by 30.1% during the 1st quarter. Tidal Investments LLC now owns 36,199 shares of the business services provider’s stock worth $5,783,000 after buying an additional 8,377 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new position in shares of Fiserv in the 1st quarter worth approximately $218,000. Finally, SkyView Investment Advisors LLC acquired a new stake in shares of Fiserv during the 1st quarter valued at approximately $718,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Robert W. Baird increased their price objective on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. The Goldman Sachs Group lifted their target price on Fiserv from $188.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. UBS Group increased their price target on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group boosted their price objective on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $214.29.

Fiserv Trading Up 0.3 %

Shares of NYSE FI opened at $222.45 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 12 month low of $125.42 and a 12 month high of $223.23. The company has a market cap of $126.56 billion, a price-to-earnings ratio of 42.78, a P/E/G ratio of 1.70 and a beta of 0.92. The business has a fifty day simple moving average of $197.64 and a 200-day simple moving average of $171.95.

Fiserv (NYSE:FI) last posted its quarterly earnings data 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. The company had revenue of $5.22 billion during 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 quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.96 earnings per share. Sell-side analysts predict that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Buying and Selling

In other Fiserv news, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the sale, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 235,821 shares of company stock valued at $44,299,745. Company insiders own 0.75% of the company’s stock.

Fiserv Company 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.