Avior Wealth Management LLC Trims Holdings in Fiserv, Inc. (NYSE:FI)

Avior Wealth Management LLC lessened its stake in Fiserv, Inc. (NYSE:FI) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,485 shares of the business services provider’s stock after selling 3,313 shares during the period. Avior Wealth Management LLC’s holdings in Fiserv were worth $5,441,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FI. Sanders Capital LLC acquired a new position in shares of Fiserv in the 3rd quarter worth approximately $764,543,000. FMR LLC lifted its stake in 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 during the last quarter. Maj Invest Holding A S acquired a new position in Fiserv in the third quarter worth $172,993,000. Kovitz Investment Group Partners LLC increased its stake in Fiserv by 788.7% during 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 purchasing an additional 561,377 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its holdings in shares of Fiserv by 1,238.6% during the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock worth $108,488,000 after purchasing an additional 558,774 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FI has been the subject of several research reports. Stephens reaffirmed an “overweight” rating and issued a $255.00 price target on shares of Fiserv in a report on Thursday, January 2nd. BMO Capital Markets increased their target price on Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Keefe, Bruyette & Woods boosted their price target on shares of Fiserv from $225.00 to $238.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, TD Cowen boosted their target price on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Insider Activity at Fiserv

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the firm’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 value of $6,033,900.00. Following the sale, the director now owns 33,235 shares of the company’s stock, valued at $6,684,555.55. This trade represents a 47.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Kenneth Best sold 20,821 shares of the company’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 transaction, the chief accounting officer now 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 ownership of the stock. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

Fiserv Stock Performance

Shares of FI opened at $209.48 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 12 month low of $137.13 and a 12 month high of $223.23. The company’s fifty day moving average is $209.15 and its 200-day moving average is $188.28. The firm has a market cap of $119.18 billion, a price-to-earnings ratio of 40.28, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94.

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, 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 return on equity of 17.10% and a net margin of 15.22%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $1.96 earnings per share. Equities analysts expect that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Fiserv 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.