Toth Financial Advisory Corp Sells 5,002 Shares of Fiserv, Inc. (NYSE:FI)

Toth Financial Advisory Corp lowered its holdings in Fiserv, Inc. (NYSE:FI) by 3.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 133,895 shares of the business services provider’s stock after selling 5,002 shares during the quarter. Fiserv comprises 3.2% of Toth Financial Advisory Corp’s investment portfolio, making the stock its biggest holding. Toth Financial Advisory Corp’s holdings in Fiserv were worth $27,505,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clean Yield Group grew its position in shares of Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC grew its holdings in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares during the last quarter. Kennebec Savings Bank acquired a new position in Fiserv in the 3rd quarter valued at about $40,000. Friedenthal Financial purchased a new stake in Fiserv during the 4th quarter valued at approximately $49,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Fiserv during the 3rd quarter worth approximately $44,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on FI shares. Morgan Stanley upped their price target on Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Barclays lifted their target price on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. 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 report on Wednesday, October 23rd. Finally, UBS Group boosted their target price on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $224.00.

Insider Transactions at Fiserv

In related news, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the transaction, the director now directly owns 33,235 shares in the company, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the firm’s 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 completion of the sale, 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 disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

NYSE FI opened at $208.90 on Friday. 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, Inc. has a fifty-two week low of $137.13 and a fifty-two week high of $223.23. The business has a fifty day moving average of $209.02 and a 200-day moving average of $188.80. The stock has a market cap of $118.85 billion, a price-to-earnings ratio of 40.17, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94.

Fiserv (NYSE:FI) last announced its 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. 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 the consensus estimate of $4.90 billion. During the same quarter in the previous year, the company posted $1.96 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

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.