Simmons Bank Sells 225 Shares of Fiserv, Inc. (NYSE:FI)

Simmons Bank lowered its holdings in shares of Fiserv, Inc. (NYSE:FI) by 14.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,301 shares of the business services provider’s stock after selling 225 shares during the period. Simmons Bank’s holdings in Fiserv were worth $234,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wellington Shields & Co. LLC bought a new stake in shares of Fiserv in the 1st quarter valued at approximately $25,000. Family Firm Inc. acquired a new stake in shares of Fiserv during the 2nd quarter worth approximately $31,000. Clean Yield Group boosted its position in shares of Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC grew its stake in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the period. Finally, Newbridge Financial Services Group Inc. increased its holdings in Fiserv by 95.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 127 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

FI has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. BTIG Research initiated coverage on shares of Fiserv in a research note on Wednesday, August 28th. They issued a “buy” rating and a $200.00 target price for the company. Citigroup lifted their price target on shares of Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Finally, Keefe, Bruyette & Woods boosted their price objective on Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and an average target price of $207.25.

Fiserv Trading Down 1.1 %

Shares of Fiserv stock opened at $210.87 on Friday. The company has a market capitalization of $119.97 billion, a price-to-earnings ratio of 40.55, a P/E/G ratio of 1.64 and a beta of 0.92. 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 fifty day simple moving average of $189.77 and a two-hundred day simple moving average of $167.73. Fiserv, Inc. has a 1 year low of $121.86 and a 1 year high of $215.50.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The company 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%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.96 earnings per share. Research analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Activity at Fiserv

In related 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 sale, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the completion of the transaction, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 254,711 shares of company stock valued at $47,477,232 over the last three months. 0.75% of the stock is owned by insiders.

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.