Fiserv, Inc. (NYSE:FI) Shares Sold by Woodstock Corp

Woodstock Corp decreased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 0.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 69,792 shares of the business services provider’s stock after selling 332 shares during the period. Fiserv accounts for about 1.4% of Woodstock Corp’s investment portfolio, making the stock its 18th largest holding. Woodstock Corp’s holdings in Fiserv were worth $14,337,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sanders Capital LLC acquired a new stake in shares of Fiserv in the third quarter worth $764,543,000. FMR LLC lifted its stake in shares of Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Maj Invest Holding A S purchased a new stake in shares of Fiserv in the third quarter worth about $172,993,000. Kovitz Investment Group Partners LLC grew its stake in shares of Fiserv by 788.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock valued at $109,700,000 after buying an additional 561,377 shares in the last quarter. Finally, Mizuho Securities USA LLC raised its holdings in shares of Fiserv by 1,238.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after buying an additional 558,774 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 1.0 %

Fiserv stock opened at $206.21 on Friday. The firm has a market capitalization of $117.32 billion, a P/E ratio of 39.66, a P/E/G ratio of 1.32 and a beta of 0.94. The company has a 50-day simple moving average of $209.55 and a 200-day simple moving average of $186.20. Fiserv, Inc. has a one year low of $136.48 and a one year high of $223.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07.

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

Insider Transactions at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction on 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 completion of the transaction, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the sale, the director now directly owns 76,180 shares in the company, valued at $15,386,074.60. This represents a 34.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,821 shares of company stock valued at $18,581,095. 0.75% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FI shares. Mizuho upped their price target on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group raised their price target on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Stephens reaffirmed an “overweight” rating and issued a $255.00 price target on shares of Fiserv in a report on Thursday, January 2nd. Finally, Robert W. Baird boosted their target price on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Three analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $224.00.

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.