Fiserv, Inc. (NYSE:FI) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB cut its position in Fiserv, Inc. (NYSE:FI) by 6.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,950 shares of the business services provider’s stock after selling 1,650 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Fiserv were worth $4,303,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new stake in shares of Fiserv during the fourth quarter worth about $3,292,000. Dynamic Advisor Solutions LLC boosted its position in Fiserv by 5.1% during the first quarter. Dynamic Advisor Solutions LLC now owns 8,518 shares of the business services provider’s stock worth $1,361,000 after purchasing an additional 413 shares in the last quarter. Brookstone Capital Management grew its stake in Fiserv by 313.1% in the 1st quarter. Brookstone Capital Management now owns 26,760 shares of the business services provider’s stock valued at $4,277,000 after acquiring an additional 20,282 shares during the last quarter. Aspiriant LLC acquired a new stake in shares of Fiserv in the first quarter valued at approximately $238,000. Finally, Wealthcare Advisory Partners LLC purchased a new stake in shares of Fiserv in the first quarter valued at $254,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 0.4 %

Fiserv stock opened at $203.26 on Friday. The company has a market capitalization of $118.93 billion, a P/E ratio of 37.99, a P/E/G ratio of 1.44 and a beta of 0.93. Fiserv, Inc. has a 1-year low of $111.53 and a 1-year high of $204.50. The firm’s fifty day simple moving average is $179.29 and its 200-day simple moving average is $162.09. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85.

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

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 227,890 shares of company stock worth $40,934,217 over the last 90 days. Insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on FI shares. Susquehanna lifted their price objective on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, October 18th. Morgan Stanley lifted their target price on shares of Fiserv from $177.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Jefferies Financial Group increased their price objective on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their target price on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Stephens increased their price objective on shares of Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $202.08.

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.