Mutual of America Capital Management LLC Sells 2,890 Shares of Fiserv, Inc. (NYSE:FI)

Mutual of America Capital Management LLC reduced its holdings in Fiserv, Inc. (NYSE:FI) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 70,897 shares of the business services provider’s stock after selling 2,890 shares during the period. Mutual of America Capital Management LLC’s holdings in Fiserv were worth $12,737,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Shields & Co. LLC acquired a new position in shares of Fiserv in the first quarter valued at $25,000. Clean Yield Group boosted its holdings in shares of Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares during the period. Cedar Mountain Advisors LLC grew its stake in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares during the last quarter. Family Firm Inc. bought a new position in Fiserv in the 2nd quarter valued at about $31,000. Finally, Kennebec Savings Bank acquired a new stake in Fiserv during the third quarter worth approximately $40,000. 90.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FI has been the subject of several recent research reports. Tigress Financial boosted their price target on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Wells Fargo & Company upped their price target on shares of Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Robert W. Baird lifted 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 increased their target price on shares of Fiserv from $188.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, BTIG Research started coverage on shares of Fiserv in a research report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price target for the company. Four investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $209.74.

Insider Activity at Fiserv

In other news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. This trade represents a 40.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The trade was a 4.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 254,711 shares of company stock valued at $47,477,232 over the last ninety days. Insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

Shares of FI stock opened at $210.92 on Monday. The company has a market capitalization of $120.00 billion, a price-to-earnings ratio of 40.56, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv, Inc. has a one year low of $121.86 and a one year high of $215.50. The company’s 50-day moving average is $191.36 and its 200 day moving average is $168.67.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.04. The business had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.96 EPS. Sell-side analysts expect that Fiserv, Inc. will post 8.77 EPS for the current fiscal 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.