Keudell Morrison Wealth Management Sells 187 Shares of Fiserv, Inc. (NYSE:FI)

Keudell Morrison Wealth Management lessened its holdings in Fiserv, Inc. (NYSE:FI) by 8.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,931 shares of the business services provider’s stock after selling 187 shares during the period. Keudell Morrison Wealth Management’s holdings in Fiserv were worth $347,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FI. Olstein Capital Management L.P. grew its stake in shares of Fiserv by 30.8% in the 3rd quarter. Olstein Capital Management L.P. now owns 17,000 shares of the business services provider’s stock worth $3,054,000 after buying an additional 4,000 shares in the last quarter. Advisor Resource Council bought a new position in shares of Fiserv in the 3rd quarter valued at about $607,000. Graypoint LLC grew its position in Fiserv by 1.8% in the third quarter. Graypoint LLC now owns 27,077 shares of the business services provider’s stock worth $4,864,000 after acquiring an additional 478 shares in the last quarter. Two Point Capital Management Inc. increased its stake in Fiserv by 1.2% during the third quarter. Two Point Capital Management Inc. now owns 50,611 shares of the business services provider’s stock worth $9,092,000 after acquiring an additional 590 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in shares of Fiserv by 9.8% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 12,342 shares of the business services provider’s stock valued at $2,217,000 after purchasing an additional 1,105 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 257,890 shares of company stock valued at $46,968,117 in the last ninety days. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Tigress Financial boosted their target price on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Stephens boosted their target price on Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. KeyCorp increased their price target on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Robert W. Baird increased their target price on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Finally, UBS Group boosted their target price on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and a consensus price target of $207.25.

Fiserv Stock Down 1.3 %

Shares of FI stock traded down $2.71 during mid-day trading on Thursday, hitting $208.49. 210,569 shares of the stock traded hands, compared to its average volume of 2,480,299. 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 stock has a market cap of $118.61 billion, a P/E ratio of 40.62, a P/E/G ratio of 1.54 and a beta of 0.92. The stock’s fifty day moving average is $185.93 and its two-hundred day moving average is $165.66. Fiserv, Inc. has a 52-week low of $118.42 and a 52-week high of $211.98.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period in the previous year, the company earned $1.96 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities analysts predict that Fiserv, Inc. will post 8.77 EPS for the current year.

About Fiserv

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.