Baldwin Investment Management LLC Decreases Stock Holdings in Fiserv, Inc. (NYSE:FI)

Baldwin Investment Management LLC lessened its holdings in Fiserv, Inc. (NYSE:FI) by 2.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 21,345 shares of the business services provider’s stock after selling 600 shares during the quarter. Baldwin Investment Management LLC’s holdings in Fiserv were worth $3,835,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quent Capital LLC lifted its position in shares of Fiserv by 5.9% during the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after buying an additional 68 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in Fiserv by 3.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 17,855 shares of the business services provider’s stock worth $2,854,000 after purchasing an additional 513 shares during the last quarter. Tidal Investments LLC grew its position in Fiserv by 30.1% during the 1st quarter. Tidal Investments LLC now owns 36,199 shares of the business services provider’s stock worth $5,783,000 after purchasing an additional 8,377 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new position in Fiserv in the first quarter valued at $218,000. Finally, SkyView Investment Advisors LLC purchased a new stake in shares of Fiserv in the first quarter valued at about $718,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Morgan Stanley raised their price target on Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Mizuho boosted their target price on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. KeyCorp upped their price target on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Compass Point began coverage on shares of Fiserv in a research report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price objective on the stock. Finally, Royal Bank of Canada boosted their price objective on shares of Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $214.29.

Fiserv Trading Up 0.3 %

Shares of FI stock opened at $222.45 on Wednesday. Fiserv, Inc. has a twelve month low of $125.42 and a twelve month high of $223.23. The company has a market capitalization of $126.56 billion, a price-to-earnings ratio of 42.78, a PEG ratio of 1.70 and a beta of 0.92. The firm has a 50-day moving average price of $197.64 and a 200 day moving average price of $171.95. 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 (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 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 firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the previous year, the company earned $1.96 EPS. Fiserv’s revenue for the quarter was up 7.0% on a year-over-year basis. Research analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In other news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 4.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Kenneth Best sold 20,821 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 235,821 shares of company stock worth $44,299,745. 0.75% of the stock is currently owned by insiders.

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.