Crossmark Global Holdings Inc. Sells 7,283 Shares of Fiserv, Inc. (NYSE:FI)

Crossmark Global Holdings Inc. lowered its holdings in shares of Fiserv, Inc. (NYSE:FI) by 16.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,764 shares of the business services provider’s stock after selling 7,283 shares during the period. Crossmark Global Holdings Inc.’s holdings in Fiserv were worth $6,425,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Shields & Co. LLC bought a new position in Fiserv in the 1st quarter worth about $25,000. Family Firm Inc. bought a new position in shares of Fiserv in the second quarter worth approximately $31,000. Clean Yield Group grew its holdings in shares of Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC increased its position in shares of Fiserv by 42.5% during 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. Finally, Newbridge Financial Services Group Inc. raised its holdings in Fiserv by 95.5% in 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. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FI. Mizuho increased their target price on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. TD Cowen lifted their price objective on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Oppenheimer started coverage on Fiserv in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 target price for the company. The Goldman Sachs Group raised their price target on shares of Fiserv from $188.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Four investment 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $207.25.

Fiserv Stock Up 0.9 %

Shares of FI stock opened at $210.70 on Monday. Fiserv, Inc. has a one year low of $118.42 and a one year high of $212.84. 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 company has a market capitalization of $119.87 billion, a price-to-earnings ratio of 40.52, a PEG ratio of 1.61 and a beta of 0.92. The company’s fifty day moving average price is $187.37 and its 200-day moving average price is $166.47.

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. The firm had revenue of $5.22 billion for 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%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.96 earnings per share. Sell-side analysts expect that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

Insider Activity

In related news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the sale, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 257,890 shares of company stock worth $46,968,117 over the last 90 days. Corporate insiders own 0.75% of the company’s stock.

Fiserv Company 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.