Agate Pass Investment Management LLC Sells 761 Shares of Fiserv, Inc. (NYSE:FI)

Agate Pass Investment Management LLC decreased its position in shares of Fiserv, Inc. (NYSE:FI) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,391 shares of the business services provider’s stock after selling 761 shares during the period. Fiserv comprises 2.0% of Agate Pass Investment Management LLC’s portfolio, making the stock its 11th biggest position. Agate Pass Investment Management LLC’s holdings in Fiserv were worth $4,394,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Clean Yield Group grew its holdings in Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares during the period. Cedar Mountain Advisors LLC increased its stake in shares of Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its stake in Fiserv by 95.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after acquiring an additional 127 shares during the last quarter. Kennebec Savings Bank bought a new stake in Fiserv in the third quarter valued at approximately $40,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Fiserv in the third quarter worth $44,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Up 0.2 %

Shares of FI stock traded up $0.39 during trading hours on Monday, hitting $200.90. 624,327 shares of the company were exchanged, compared to its average volume of 2,044,279. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $114.30 billion, a P/E ratio of 38.63, a P/E/G ratio of 1.56 and a beta of 0.94. The company has a 50 day simple moving average of $209.64 and a two-hundred day simple moving average of $185.31. Fiserv, Inc. has a fifty-two week low of $135.97 and a fifty-two week high of $223.23.

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

Insider Buying and Selling at Fiserv

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the transaction, the director now owns 33,235 shares in the company, valued at $6,684,555.55. This trade represents a 47.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the sale, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,821 shares of company stock worth $18,581,095. Corporate insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the topic of several recent analyst reports. Mizuho lifted their target price on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods increased their price objective on shares of Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Wells Fargo & Company lifted their target price on Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. TD Cowen increased 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. Finally, Citigroup increased their price objective on shares of Fiserv from $187.00 to $226.00 in a research note on Tuesday, October 22nd. Three 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 has an average rating of “Moderate Buy” and an average price target of $222.88.

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.