Sendero Wealth Management LLC Sells 6,682 Shares of Fiserv, Inc. (NYSE:FI)

Sendero Wealth Management LLC cut its holdings in Fiserv, Inc. (NYSE:FI) by 14.4% during the fourth quarter, HoldingsChannel reports. The firm owned 39,640 shares of the business services provider’s stock after selling 6,682 shares during the period. Fiserv comprises 1.2% of Sendero Wealth Management LLC’s investment portfolio, making the stock its 19th biggest position. Sendero Wealth Management LLC’s holdings in Fiserv were worth $8,143,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Sawyer & Company Inc increased its position in Fiserv by 1.5% during the fourth quarter. Sawyer & Company Inc now owns 12,568 shares of the business services provider’s stock worth $2,582,000 after acquiring an additional 180 shares during the period. Presilium Private Wealth LLC increased its holdings in shares of Fiserv by 6.9% during the 4th quarter. Presilium Private Wealth LLC now owns 1,283 shares of the business services provider’s stock worth $264,000 after purchasing an additional 83 shares during the period. M. Kraus & Co raised its position in shares of Fiserv by 0.7% during the fourth quarter. M. Kraus & Co now owns 46,247 shares of the business services provider’s stock valued at $9,500,000 after buying an additional 300 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Fiserv in the fourth quarter valued at about $94,000. Finally, Park Avenue Securities LLC grew its position in Fiserv by 30.4% during the fourth quarter. Park Avenue Securities LLC now owns 20,367 shares of the business services provider’s stock worth $4,184,000 after buying an additional 4,745 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In related news, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the transaction, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction on Tuesday, November 12th. The shares were 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 owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,821 shares of company stock valued at $18,581,095 in the last 90 days. 0.75% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on FI. Keefe, Bruyette & Woods raised their price objective on Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. BMO Capital Markets raised their target price on Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Compass Point began coverage on shares of Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target on the stock. UBS Group raised their price objective on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, TD Cowen increased their price target on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Three 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, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus price target of $223.17.

Fiserv Trading Down 0.2 %

NYSE FI opened at $204.12 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s 50-day moving average is $209.69 and its 200-day moving average is $186.07. Fiserv, Inc. has a one year low of $135.97 and a one year high of $223.23. The firm has a market cap of $116.13 billion, a P/E ratio of 39.25, a P/E/G ratio of 1.56 and a beta of 0.94.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.04. The company had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.96 earnings per share. Sell-side analysts anticipate 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.