Fiserv, Inc. (NYSE:FI) is Albert D Mason Inc.’s 2nd Largest Position

Albert D Mason Inc. reduced its position in Fiserv, Inc. (NYSE:FI) by 5.3% in the third quarter, Holdings Channel.com reports. The fund owned 19,192 shares of the business services provider’s stock after selling 1,074 shares during the period. Fiserv makes up about 2.2% of Albert D Mason Inc.’s investment portfolio, making the stock its 2nd largest position. Albert D Mason Inc.’s holdings in Fiserv were worth $3,448,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Wellington Shields & Co. LLC purchased a new stake in Fiserv during the 1st quarter valued at $25,000. Clean Yield Group raised its stake in 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 buying an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC raised its stake in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares during the last quarter. ZRC Wealth Management LLC purchased a new stake in Fiserv during the 1st quarter valued at $32,000. Finally, Family Firm Inc. purchased a new stake in Fiserv during the 2nd quarter valued at $31,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Up 1.3 %

Shares of NYSE FI opened at $199.72 on Wednesday. The firm’s 50-day moving average price is $178.52 and its 200-day moving average price is $161.81. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $116.86 billion, a price-to-earnings ratio of 37.33, a P/E/G ratio of 1.44 and a beta of 0.93. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $199.87.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.81 EPS. On average, equities research analysts anticipate that Fiserv, Inc. will post 8.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $27,005,424.03. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $27,005,424.03. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the transaction, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 187,890 shares of company stock worth $32,855,417 in the last three months. Corporate insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the subject of a number of research reports. Wells Fargo & Company boosted their target price on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. TD Cowen boosted their price objective 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. KeyCorp boosted their price objective on shares of Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Jefferies Financial Group boosted their price objective on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Robert W. Baird boosted their price objective on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.04.

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.