Agate Pass Investment Management LLC Sells 761 Shares of Fiserv, Inc. (NYSE:FI)

Agate Pass Investment Management LLC reduced its position in shares of Fiserv, Inc. (NYSE:FI) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,391 shares of the business services provider’s stock after selling 761 shares during the period. Fiserv makes up 2.0% of Agate Pass Investment Management LLC’s portfolio, making the stock its 11th biggest holding. Agate Pass Investment Management LLC’s holdings in Fiserv were worth $4,394,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sanders Capital LLC purchased a new stake in Fiserv during the third quarter valued at about $764,543,000. FMR LLC grew its holdings in shares of Fiserv by 17.8% in the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares during the last quarter. Maj Invest Holding A S purchased a new position in shares of Fiserv in the third quarter worth $172,993,000. Kovitz Investment Group Partners LLC boosted its position in Fiserv by 788.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock valued at $109,700,000 after buying an additional 561,377 shares during the period. Finally, Mizuho Securities USA LLC increased its position in shares of Fiserv by 1,238.6% in the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after acquiring an additional 558,774 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

FI has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price target on Fiserv from $222.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Oppenheimer raised their target price on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Compass Point initiated coverage on shares of Fiserv in a report on Wednesday, November 20th. They set a “buy” rating and a $278.00 target price on the stock. Finally, Mizuho increased their price target on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $222.88.

Insider Activity at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 33,235 shares in the company, valued at $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,821 shares of company stock worth $18,581,095. 0.75% of the stock is owned by company insiders.

Fiserv Stock Performance

FI stock traded up $0.39 during midday trading on Monday, reaching $200.90. 624,327 shares of the company’s stock traded hands, compared to its average volume of 2,044,279. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 52-week low of $135.97 and a 52-week high of $223.23. The stock has a market cap of $114.30 billion, a P/E ratio of 38.63, a PEG ratio of 1.56 and a beta of 0.94. The stock’s 50-day moving average is $209.64 and its 200 day moving average is $185.31.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same period last year, the firm earned $1.96 EPS. Fiserv’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current year.

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.