Fiserv, Inc. (NYSE:FI) Shares Sold by D.B. Root & Company LLC

D.B. Root & Company LLC reduced its position in shares of Fiserv, Inc. (NYSE:FI) by 25.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,711 shares of the business services provider’s stock after selling 917 shares during the period. D.B. Root & Company LLC’s holdings in Fiserv were worth $487,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FI. Wellington Shields & Co. LLC acquired a new stake in Fiserv during the 1st quarter worth about $25,000. Family Firm Inc. acquired a new position in Fiserv in the second quarter worth approximately $31,000. Clean Yield Group raised its position in Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC raised its position in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. raised its position in Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In other Fiserv news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Gibbons sold 18,890 shares of the company’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 sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 257,890 shares of company stock valued at $46,968,117 over the last ninety days. 0.75% of the stock is owned by insiders.

Fiserv Price Performance

Shares of Fiserv stock opened at $211.20 on Thursday. The stock’s 50-day simple moving average is $185.93 and its 200-day simple moving average is $165.66. Fiserv, Inc. has a 52 week low of $118.42 and a 52 week high of $211.98. The company has a market capitalization of $120.16 billion, a price-to-earnings ratio of 40.62, a PEG ratio of 1.54 and a beta of 0.92. 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 (NYSE:FI) last posted 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. The company had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.96 earnings per share. As a group, analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on FI shares. Jefferies Financial Group raised their price objective on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Susquehanna lifted their price target on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, October 18th. Mizuho lifted 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. Finally, TD Cowen lifted their price objective on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $207.25.

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.