Fiserv, Inc. (NYSE:FI) Shares Sold by GSG Advisors LLC

GSG Advisors LLC reduced its position in Fiserv, Inc. (NYSE:FI) by 7.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,208 shares of the business services provider’s stock after selling 92 shares during the period. GSG Advisors LLC’s holdings in Fiserv were worth $248,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FI. Soros Capital Management LLC boosted its holdings in Fiserv by 71.7% in the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after acquiring an additional 22,884 shares during the period. Chiron Investment Management LLC acquired a new position in shares of Fiserv in the 3rd quarter valued at approximately $4,709,000. Czech National Bank boosted its stake in shares of Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after buying an additional 6,072 shares during the last quarter. Maxwell Wealth Strategies Inc. boosted its stake in shares of Fiserv by 23.6% during the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider’s stock valued at $2,696,000 after buying an additional 2,869 shares during the last quarter. Finally, Cardano Risk Management B.V. bought a new stake in Fiserv in the fourth quarter valued at about $97,254,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity

In other news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 value of $6,033,900.00. Following the completion of the sale, the director now directly owns 33,235 shares in the company, valued at $6,684,555.55. This trade represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,821 shares of company stock valued at $18,581,095. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of several research reports. KeyCorp lifted their target price on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Citigroup boosted their target price on shares of Fiserv from $187.00 to $226.00 in a research note on Tuesday, October 22nd. The Goldman Sachs Group raised their target price on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Barclays boosted their price target on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, Robert W. Baird raised their price target on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Three analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average target price of $222.88.

Fiserv Price Performance

NYSE FI opened at $201.63 on Tuesday. The company has a 50 day moving average price of $209.66 and a two-hundred day moving average price of $185.68. Fiserv, Inc. has a 12-month low of $135.97 and a 12-month high of $223.23. The stock has a market capitalization of $114.71 billion, a PE ratio of 38.78, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94. 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 issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the prior year, the company posted $1.96 earnings per share. Fiserv’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Fiserv Company 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.