Fiserv, Inc. (NYSE:FI) Position Reduced by Dudley & Shanley Inc.

Dudley & Shanley Inc. lowered its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 200,866 shares of the business services provider’s stock after selling 3,275 shares during the period. Fiserv comprises 5.6% of Dudley & Shanley Inc.’s portfolio, making the stock its 2nd largest holding. Dudley & Shanley Inc.’s holdings in Fiserv were worth $36,086,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. &PARTNERS raised its holdings in shares of Fiserv by 147.0% in the 2nd quarter. &PARTNERS now owns 3,226 shares of the business services provider’s stock worth $481,000 after purchasing an additional 1,920 shares during the period. Kimelman & Baird LLC acquired a new position in Fiserv during the second quarter valued at approximately $60,000. Signature Estate & Investment Advisors LLC purchased a new stake in Fiserv during the second quarter worth approximately $225,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Fiserv by 6.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 67,774 shares of the business services provider’s stock worth $10,101,000 after acquiring an additional 4,036 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its stake in shares of Fiserv by 17.1% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 6,381 shares of the business services provider’s stock valued at $951,000 after acquiring an additional 930 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FI has been the topic of several research reports. TD Cowen raised their target price on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Tigress Financial raised their price target on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Royal Bank of Canada raised their target price on Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group boosted their price target on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Stephens raised Fiserv from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $220.00 to $255.00 in a research report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $222.88.

Insider Activity

In other news, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the sale, the director now owns 33,235 shares in the company, valued at approximately $6,684,555.55. This trade represents a 47.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Doyle Simons sold 40,000 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the transaction, the director now directly owns 76,180 shares in the company, valued at $15,386,074.60. The trade was a 34.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,821 shares of company stock worth $18,581,095 over the last quarter. Insiders own 0.75% of the company’s stock.

Fiserv Stock Up 0.3 %

Shares of Fiserv stock traded up $0.66 during trading on Monday, reaching $206.71. 1,561,041 shares of the company traded hands, compared to its average volume of 2,556,804. The firm has a market capitalization of $117.60 billion, a PE ratio of 39.75, a P/E/G ratio of 1.56 and a beta of 0.93. The company has a 50 day moving average price of $207.37 and a 200-day moving average price of $179.30. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv, Inc. has a 1-year low of $131.41 and a 1-year high of $223.23.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.04. The business 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%. Fiserv’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.96 EPS. As a group, equities research analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

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.