Fiserv, Inc. (NYSE:FI) Shares Sold by Baxter Bros Inc.

Baxter Bros Inc. trimmed its position in Fiserv, Inc. (NYSE:FI) by 8.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,818 shares of the business services provider’s stock after selling 3,108 shares during the period. Baxter Bros Inc.’s holdings in Fiserv were worth $6,255,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FI. ORG Partners LLC lifted its position in shares of Fiserv by 3,016.0% during the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock valued at $486,000 after acquiring an additional 3,197 shares during the last quarter. Park Place Capital Corp lifted its position in shares of Fiserv by 66.3% during the 3rd quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock valued at $1,259,000 after acquiring an additional 2,794 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Fiserv by 377.3% during the 1st quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock valued at $9,047,000 after acquiring an additional 44,776 shares during the last quarter. Choate Investment Advisors lifted its position in shares of Fiserv by 80.6% during the 1st quarter. Choate Investment Advisors now owns 81,441 shares of the business services provider’s stock valued at $13,016,000 after acquiring an additional 36,347 shares during the last quarter. Finally, BDF Gestion acquired a new stake in shares of Fiserv during the 2nd quarter valued at $2,981,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Doyle Simons sold 40,000 shares of the stock in a transaction that occurred 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 sale, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 257,890 shares of company stock valued at $46,968,117. Company insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on FI. Tigress Financial increased their price objective on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. BMO Capital Markets increased their price objective on Fiserv from $175.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Barclays increased their target price on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. KeyCorp lifted their price target on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Robert W. Baird increased their price objective on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Four equities research 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $207.25.

Fiserv Price Performance

Shares of NYSE:FI opened at $202.05 on Friday. 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 has a market capitalization of $114.95 billion, a P/E ratio of 38.86, a P/E/G ratio of 1.51 and a beta of 0.92. The business has a 50-day moving average of $183.87 and a two-hundred day moving average of $164.46. Fiserv, Inc. has a fifty-two week low of $114.32 and a fifty-two week high of $204.50.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the previous year, the company earned $1.96 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts predict that Fiserv, Inc. will post 8.77 EPS 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.