Fiserv, Inc. (NYSE:FI) Shares Sold by Webster Bank N. A.

Webster Bank N. A. decreased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,511 shares of the business services provider’s stock after selling 1,168 shares during the quarter. Fiserv comprises approximately 1.4% of Webster Bank N. A.’s holdings, making the stock its 14th biggest holding. Webster Bank N. A.’s holdings in Fiserv were worth $12,841,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Sanders Capital LLC acquired a new position in shares of Fiserv during the third quarter worth $764,543,000. FMR LLC lifted its holdings in Fiserv by 17.8% in the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after buying an additional 1,427,664 shares in the last quarter. Maj Invest Holding A S purchased a new position in Fiserv in the 3rd quarter valued at about $172,993,000. Kovitz Investment Group Partners LLC grew its stake in shares of 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 acquiring an additional 561,377 shares in the last quarter. Finally, Mizuho Securities USA LLC increased its position 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 acquiring an additional 558,774 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Trading Up 1.2 %

Shares of NYSE:FI opened at $208.90 on Monday. The stock has a market capitalization of $118.85 billion, a price-to-earnings ratio of 40.17, a PEG ratio of 1.37 and a beta of 0.94. Fiserv, Inc. has a 1-year low of $137.13 and a 1-year high of $223.23. The company has a 50 day moving average price of $209.02 and a 200 day moving average price of $189.35. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07.

Insider Transactions at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction dated 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 in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction that occurred 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 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. Corporate insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their target price on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. UBS Group increased their price objective on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. BMO Capital Markets boosted their target price on shares of Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Oppenheimer increased their price target on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, Morgan Stanley boosted their price objective on Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

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.