Geneva Partners LLC Reduces Stake in Fiserv, Inc. (NYSE:FI)

Geneva Partners LLC cut its position in shares of Fiserv, Inc. (NYSE:FI) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,981 shares of the business services provider’s stock after selling 200 shares during the quarter. Fiserv accounts for 2.3% of Geneva Partners LLC’s investment portfolio, making the stock its 14th biggest holding. Geneva Partners LLC’s holdings in Fiserv were worth $5,748,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Czech National Bank raised its position in shares of Fiserv by 5.2% during the 3rd quarter. Czech National Bank now owns 117,281 shares of the business services provider’s stock worth $21,070,000 after purchasing an additional 5,784 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in Fiserv by 4.4% during the third quarter. Dynamic Advisor Solutions LLC now owns 9,247 shares of the business services provider’s stock worth $1,661,000 after buying an additional 393 shares in the last quarter. Clean Yield Group raised its holdings in shares of Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares during the last quarter. Atomi Financial Group Inc. raised its holdings in shares of Fiserv by 18.2% in the third quarter. Atomi Financial Group Inc. now owns 4,894 shares of the business services provider’s stock worth $879,000 after acquiring an additional 753 shares during the last quarter. Finally, Country Trust Bank lifted its position in shares of Fiserv by 4.3% in the third quarter. Country Trust Bank now owns 298,179 shares of the business services provider’s stock valued at $53,568,000 after acquiring an additional 12,241 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FI has been the topic of several recent analyst reports. KeyCorp upped their price objective on shares of Fiserv from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Citigroup upped their price objective on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Barclays raised their target price on shares of Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. BMO Capital Markets increased their price target on shares of Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Tigress Financial boosted their price objective on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.17.

Fiserv Price Performance

Shares of NYSE FI opened at $228.83 on Thursday. 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 twelve month low of $137.13 and a twelve month high of $231.61. The business has a 50 day simple moving average of $208.61 and a 200-day simple moving average of $192.51. The company has a market capitalization of $130.19 billion, a price-to-earnings ratio of 44.01, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. As a group, equities research analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Kenneth Best sold 20,821 shares of the firm’s 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.75% of the company’s stock.

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.