Toth Financial Advisory Corp Trims Stock Position in Fiserv, Inc. (NYSE:FI)

Toth Financial Advisory Corp trimmed its position in shares of Fiserv, Inc. (NYSE:FI) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,897 shares of the business services provider’s stock after selling 1,260 shares during the period. Fiserv makes up approximately 2.9% of Toth Financial Advisory Corp’s holdings, making the stock its 2nd biggest holding. Toth Financial Advisory Corp’s holdings in Fiserv were worth $24,953,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FI. Wellington Shields & Co. LLC bought a new stake in Fiserv during the first quarter worth approximately $25,000. Family Firm Inc. purchased a new position in shares of Fiserv in the 2nd quarter worth approximately $31,000. Clean Yield Group increased its position in shares of Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 138 shares during the last quarter. ZRC Wealth Management LLC purchased a new stake in Fiserv during the 1st quarter valued at $32,000. Finally, Cedar Mountain Advisors LLC lifted its position in Fiserv by 42.5% in 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. 90.98% of the stock is currently owned by institutional investors.

Insider Activity at Fiserv

In other news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 187,890 shares of company stock valued at $32,855,417 over the last 90 days. Insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FI. Susquehanna boosted their price objective on shares of Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research report on Friday. Jefferies Financial Group upped their price target on shares of Fiserv from $160.00 to $195.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. TD Cowen increased their price objective on shares of Fiserv from $182.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. William Blair raised Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Finally, Citigroup raised Fiserv to a “strong-buy” rating in a research note on Thursday, July 25th. Three equities 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, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $187.92.

Fiserv Stock Down 0.3 %

Shares of FI traded down $0.56 during trading hours on Monday, hitting $196.73. The company had a trading volume of 982,410 shares, compared to its average volume of 2,459,583. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $115.11 billion, a PE ratio of 36.88, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. Fiserv, Inc. has a one year low of $109.11 and a one year high of $198.86. The company’s fifty day moving average price is $177.05 and its two-hundred day moving average price is $161.21.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the previous year, the company posted $1.81 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. As a group, equities analysts forecast that Fiserv, Inc. will post 8.74 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.