Fiserv, Inc. (NYSE:FI) Shares Sold by Marshall & Sullivan Inc. WA

Marshall & Sullivan Inc. WA lowered its position in Fiserv, Inc. (NYSE:FI) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,142 shares of the business services provider’s stock after selling 931 shares during the period. Fiserv comprises approximately 3.6% of Marshall & Sullivan Inc. WA’s holdings, making the stock its 5th largest position. Marshall & Sullivan Inc. WA’s holdings in Fiserv were worth $7,571,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FI. Wellington Shields & Co. LLC acquired a new stake in Fiserv in the first quarter valued at about $25,000. Family Firm Inc. acquired a new stake in shares of Fiserv during the 2nd quarter valued at approximately $31,000. Clean Yield Group lifted its position in shares of Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 138 shares during the period. ZRC Wealth Management LLC acquired a new stake in shares of Fiserv during the 1st quarter valued at approximately $32,000. Finally, Quarry LP acquired a new stake in shares of Fiserv during the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 1.3 %

FI stock opened at $190.35 on Friday. Fiserv, Inc. has a one year low of $109.11 and a one year high of $191.23. The company has a 50 day moving average price of $173.30 and a two-hundred day moving average price of $159.90. The stock has a market capitalization of $109.59 billion, a P/E ratio of 32.93, a PEG ratio of 1.44 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same period in the previous year, the company earned $1.81 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts expect that Fiserv, Inc. will post 8.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. TD Cowen lifted their price target on shares of Fiserv from $182.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Barclays lifted their price target on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Robert W. Baird raised their price objective on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Finally, B. Riley raised their price objective on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Four equities research 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $178.84.

Insider Activity

In other news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the transaction, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 211,890 shares of company stock valued at $36,572,057 in the last ninety days. Company 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.