Fiserv, Inc. (NYSE:FI) Stock Position Lowered by Jacobs & Co. CA

Jacobs & Co. CA lessened its position in Fiserv, Inc. (NYSE:FI) by 5.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 43,711 shares of the business services provider’s stock after selling 2,553 shares during the quarter. Jacobs & Co. CA’s holdings in Fiserv were worth $8,979,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Clean Yield Group raised 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 purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC raised its position 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 purchasing an additional 57 shares during the period. Newbridge Financial Services Group Inc. raised its position in shares of Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after purchasing an additional 127 shares during the period. Kennebec Savings Bank acquired a new stake in shares of Fiserv during the third quarter worth $40,000. Finally, Northwest Investment Counselors LLC acquired a new position in Fiserv during the third quarter valued at $44,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Down 2.1 %

Shares of FI traded down $4.35 during midday trading on Friday, hitting $200.88. The stock had a trading volume of 1,727,618 shares, compared to its average volume of 2,046,475. The company has a 50 day simple moving average of $209.68 and a two-hundred day simple moving average of $184.46. Fiserv, Inc. has a twelve month low of $135.13 and a twelve month high of $223.23. The firm has a market cap of $114.28 billion, a price-to-earnings ratio of 38.63, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on FI. Morgan Stanley upped their price target on Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Robert W. Baird boosted their target price on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. TD Cowen upped their price target on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, UBS Group upped their price target on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $222.88.

Insider Activity at Fiserv

In other news, Director Heidi Miller sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the sale, the director now owns 33,235 shares in the company, valued at $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction that occurred on 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 sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,821 shares of company stock valued at $18,581,095. 0.75% of the stock is owned by insiders.

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.