Geller Advisors LLC Sells 722 Shares of Fiserv, Inc. (NYSE:FI)

Geller Advisors LLC trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 21.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,682 shares of the business services provider’s stock after selling 722 shares during the period. Geller Advisors LLC’s holdings in Fiserv were worth $482,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Family Firm Inc. bought a new stake in shares of Fiserv in the second quarter worth approximately $31,000. Clean Yield Group boosted its holdings in Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC grew its position in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the period. Newbridge Financial Services Group Inc. raised its stake in Fiserv by 95.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after buying an additional 127 shares during the last quarter. Finally, Kennebec Savings Bank purchased a new position in shares of Fiserv in the 3rd quarter worth $40,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FI shares. Wells Fargo & Company boosted their price target on Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada increased their price target on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Compass Point began coverage on shares of Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective for the company. The Goldman Sachs Group upped their price objective on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Finally, StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $215.25.

Fiserv Price Performance

Shares of FI stock opened at $207.28 on Monday. The stock has a 50 day moving average price of $203.68 and a 200 day moving average price of $175.46. Fiserv, Inc. has a 52-week low of $130.27 and a 52-week high of $223.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $117.93 billion, a P/E ratio of 39.86, a P/E/G ratio of 1.58 and a beta of 0.93.

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

Insider Buying and Selling at Fiserv

In other news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director now owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. This trade represents a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 235,821 shares of company stock valued at $44,299,745 in the last ninety days. 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.