Court Place Advisors LLC Reduces Stock Holdings in Fiserv, Inc. (NYSE:FI)

Court Place Advisors LLC cut its position in Fiserv, Inc. (NYSE:FI) by 4.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 7,248 shares of the business services provider’s stock after selling 310 shares during the quarter. Court Place Advisors LLC’s holdings in Fiserv were worth $1,302,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Wellington Shields & Co. LLC acquired a new position in shares of Fiserv in the 1st quarter valued at approximately $25,000. Clean Yield Group increased its stake in shares of Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC raised its holdings in Fiserv by 42.5% in the third 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 in the last quarter. ZRC Wealth Management LLC bought a new position in Fiserv during the 1st quarter valued at $32,000. Finally, Family Firm Inc. acquired a new position in Fiserv during the 2nd quarter worth $31,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on FI. Robert W. Baird increased their price target on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. BTIG Research assumed coverage on Fiserv in a report on Wednesday, August 28th. They set a “buy” rating and a $200.00 target price on the stock. Stephens lifted their target price on Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Mizuho upped their price target on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Morgan Stanley lifted their price objective on shares of Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $202.08.

Fiserv Stock Performance

Shares of NYSE FI traded down $0.69 during midday trading on Friday, reaching $202.60. 327,617 shares of the company traded hands, compared to its average volume of 2,471,826. The company has a market cap of $118.54 billion, a price-to-earnings ratio of 37.99, a PEG ratio of 1.44 and a beta of 0.93. The stock has a 50-day moving average price of $179.29 and a 200 day moving average price of $162.09. Fiserv, Inc. has a 52 week low of $111.53 and a 52 week high of $204.50. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The company had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. Fiserv’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.96 EPS. Sell-side analysts anticipate that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the sale, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction dated 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 transaction, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now directly 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 sold 227,890 shares of company stock worth $40,934,217 over the last ninety days. Company insiders own 0.75% of the company’s stock.

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.