Fiserv, Inc. (NYSE:FI) CAO Kenneth Best Sells 20,821 Shares of Stock

Fiserv, Inc. (NYSE:FI) CAO Kenneth Best sold 20,821 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Fiserv Stock Performance

Shares of NYSE:FI traded down $1.50 during midday trading on Friday, reaching $209.35. The company had a trading volume of 271,039 shares, compared to its average volume of 2,469,269. The company’s 50 day moving average price is $190.54 and its 200 day moving average price is $168.03. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a market cap of $119.10 billion, a P/E ratio of 40.43, a P/E/G ratio of 1.63 and a beta of 0.92. Fiserv, Inc. has a 52-week low of $121.86 and a 52-week high of $215.50.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share 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 company had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the previous year, the firm earned $1.96 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Fiserv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ORG Partners LLC increased its position in shares of Fiserv by 3,016.0% in the second quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock worth $486,000 after purchasing an additional 3,197 shares during the last quarter. Park Place Capital Corp raised its holdings in Fiserv by 66.3% in the third quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock worth $1,259,000 after purchasing an additional 2,794 shares in the last quarter. Radnor Capital Management LLC bought a new position in Fiserv in the third quarter worth $1,543,000. Acadian Asset Management LLC increased its holdings in shares of Fiserv by 377.3% during the first 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 in the last quarter. Finally, BDF Gestion purchased a new stake in shares of Fiserv during the second quarter valued at $2,981,000. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FI shares. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Susquehanna lifted their target price on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, October 18th. BMO Capital Markets raised their price target on shares of Fiserv from $175.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Royal Bank of Canada lifted their price objective on shares of Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Barclays lifted their price objective on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $207.25.

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.