Fiserv, Inc. (NYSE:FI) Stock Position Decreased by HighVista Strategies LLC

HighVista Strategies LLC lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 35.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 10,053 shares of the business services provider’s stock after selling 5,500 shares during the quarter. HighVista Strategies LLC’s holdings in Fiserv were worth $1,806,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Soros Capital Management LLC grew its position in shares of Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after buying an additional 22,884 shares during the last quarter. ORG Partners LLC grew its position in Fiserv by 3,016.0% in the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock worth $486,000 after purchasing an additional 3,197 shares during the last quarter. Maxwell Wealth Strategies Inc. grew its position in Fiserv by 23.6% in the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider’s stock worth $2,696,000 after purchasing an additional 2,869 shares during the last quarter. Park Place Capital Corp grew its position 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 during the last quarter. Finally, Radnor Capital Management LLC bought a new position in Fiserv in the 3rd quarter worth about $1,543,000. Institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In related news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This trade represents a 4.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the transaction, the director now owns 76,180 shares in the company, valued at $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 235,821 shares of company stock worth $44,299,745 in the last 90 days. 0.75% of the stock is owned by insiders.

Fiserv Stock Down 1.1 %

FI stock opened at $218.46 on Tuesday. Fiserv, Inc. has a 12-month low of $129.60 and a 12-month high of $223.23. 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 company has a market cap of $124.28 billion, a price-to-earnings ratio of 42.01, a PEG ratio of 1.69 and a beta of 0.93. The company has a 50 day moving average of $200.25 and a two-hundred day moving average of $173.36.

Fiserv (NYSE:FI) last announced its quarterly earnings results 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. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the prior year, the business posted $1.96 EPS. Fiserv’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on FI shares. Compass Point started coverage on shares of Fiserv in a research report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price for the company. The Goldman Sachs Group increased their price objective on shares of Fiserv from $188.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. KeyCorp increased their price objective on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Wells Fargo & Company increased their price objective on shares of Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Stephens increased their price objective on shares of Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Four equities research 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 data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $214.29.

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.