Fiserv, Inc. (NYSE:FI) Shares Sold by BTC Capital Management Inc.

BTC Capital Management Inc. trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,844 shares of the business services provider’s stock after selling 1,754 shares during the period. Fiserv makes up approximately 1.0% of BTC Capital Management Inc.’s investment portfolio, making the stock its 29th largest holding. BTC Capital Management Inc.’s holdings in Fiserv were worth $10,430,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Sanders Capital LLC bought a new position in Fiserv during the third quarter valued at about $764,543,000. FMR LLC boosted its position in shares of Fiserv by 17.8% in the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after purchasing an additional 1,427,664 shares during the period. Maj Invest Holding A S acquired a new position in shares of Fiserv in the 3rd quarter valued at $172,993,000. Kovitz Investment Group Partners LLC boosted its position in shares of Fiserv by 788.7% in the 3rd 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 period. Finally, Mizuho Securities USA LLC boosted its position in shares of Fiserv by 1,238.6% in 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 purchasing an additional 558,774 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Performance

FI opened at $215.91 on Friday. The stock has a market cap of $122.84 billion, a PE ratio of 41.52, a P/E/G ratio of 1.39 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 1 year low of $137.13 and a 1 year high of $223.23. The stock’s 50 day simple moving average is $208.83 and its 200-day simple moving average is $190.54.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Jefferies Financial Group increased their price target on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. KeyCorp increased their price target on Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Compass Point started coverage on Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective for the company. Royal Bank of Canada lifted their target price on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Susquehanna lifted their target price on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

Insider Activity

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction 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 directly owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.75% of the stock is currently owned by company insiders.

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.