Fiserv, Inc. (NYSE:FI) Shares Sold by Centiva Capital LP

Centiva Capital LP decreased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 73.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,910 shares of the business services provider’s stock after selling 21,972 shares during the quarter. Centiva Capital LP’s holdings in Fiserv were worth $1,421,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Benjamin Edwards Inc. lifted its holdings in shares of Fiserv by 8,027.3% during the 3rd quarter. Benjamin Edwards Inc. now owns 11,622 shares of the business services provider’s stock valued at $2,088,000 after acquiring an additional 11,479 shares in the last quarter. Erste Asset Management GmbH acquired a new position in Fiserv in the 3rd quarter worth $58,507,000. Timber Creek Capital Management LLC lifted its holdings in Fiserv by 18.2% in the 3rd quarter. Timber Creek Capital Management LLC now owns 28,294 shares of the business services provider’s stock worth $5,083,000 after buying an additional 4,350 shares in the last quarter. Cobblestone Capital Advisors LLC NY acquired a new position in Fiserv in the 3rd quarter worth $235,000. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in Fiserv by 43.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 547,145 shares of the business services provider’s stock worth $98,295,000 after buying an additional 165,849 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other news, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the sale, the director now directly owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. This represents a 34.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the sale, 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 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 235,821 shares of company stock valued at $44,299,745. Company insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on FI shares. Royal Bank of Canada boosted their price objective on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Oppenheimer started coverage on shares of Fiserv in a report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price objective on the stock. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Robert W. Baird boosted their price objective on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Finally, Tigress Financial boosted their target price on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $215.25.

Fiserv Trading Down 1.4 %

Fiserv stock opened at $215.38 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a 50-day moving average price of $201.79 and a two-hundred day moving average price of $174.26. The firm has a market capitalization of $122.53 billion, a price-to-earnings ratio of 41.42, a PEG ratio of 1.67 and a beta of 0.93. Fiserv, Inc. has a 52-week low of $129.60 and a 52-week high of $223.23.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business posted $1.96 EPS. Sell-side analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current year.

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.