CX Institutional Has $10.15 Million Holdings in Fiserv, Inc. (NYSE:FI)

CX Institutional lessened its position in shares of Fiserv, Inc. (NYSE:FI) by 12.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,398 shares of the business services provider’s stock after selling 7,042 shares during the period. CX Institutional’s holdings in Fiserv were worth $10,147,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

FI has been the topic of several recent research reports. Royal Bank of Canada raised their price objective on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. KeyCorp lifted their price target on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, TD Cowen lifted their price target on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $224.00.

Fiserv Stock Performance

Shares of FI stock opened at $208.08 on Friday. Fiserv, Inc. has a 12 month low of $137.13 and a 12 month high of $223.23. The stock has a market capitalization of $118.38 billion, a P/E ratio of 40.03, a PEG ratio of 1.37 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm’s 50 day moving average is $209.15 and its 200 day moving average is $188.28.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion for 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%. Fiserv’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.96 EPS. On average, sell-side analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insider Activity

In other news, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the sale, the director now owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

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.