Fiserv, Inc. (NYSE:FI) Shares Sold by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lessened its position in Fiserv, Inc. (NYSE:FI) by 0.5% in the 4th quarter, Holdings Channel reports. The fund owned 34,655 shares of the business services provider’s stock after selling 180 shares during the period. Geneos Wealth Management Inc.’s holdings in Fiserv were worth $7,119,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in FI. Soros Capital Management LLC raised its position in Fiserv by 71.7% in the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after acquiring an additional 22,884 shares in the last quarter. Czech National Bank grew its stake in shares of Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after purchasing an additional 6,072 shares during the period. Chiron Investment Management LLC purchased a new position in shares of Fiserv in the 3rd quarter valued at about $4,709,000. Trust Co. of Vermont lifted its stake in shares of Fiserv by 170.4% in the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock valued at $1,405,000 after purchasing an additional 4,310 shares during the period. Finally, Cardano Risk Management B.V. purchased a new stake in Fiserv during the fourth quarter worth about $97,254,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the sale, the chief accounting officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the transaction, the director now directly owns 33,235 shares in the company, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Citigroup lifted their price objective on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. KeyCorp boosted their target price on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Mizuho lifted their price target on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company increased their price objective on shares of Fiserv from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

Fiserv Stock Up 1.2 %

FI opened at $208.90 on Friday. The stock has a market capitalization of $118.85 billion, a price-to-earnings ratio of 40.17, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94. Fiserv, Inc. has a 12 month low of $137.13 and a 12 month high of $223.23. 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 business has a 50-day moving average of $209.02 and a two-hundred day moving average of $188.80.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $1.96 earnings per share. On average, research analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current 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.