Fiserv, Inc. (NYSE:FI) Shares Sold by HighVista Strategies LLC

HighVista Strategies LLC trimmed its stake in shares of Fiserv, Inc. (NYSE:FI) by 35.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,053 shares of the business services provider’s stock after selling 5,500 shares during the period. HighVista Strategies LLC’s holdings in Fiserv were worth $1,806,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of FI. Sanders Capital LLC acquired a new stake in shares of Fiserv during the 3rd quarter valued at approximately $764,543,000. FMR LLC raised its position in shares of Fiserv by 17.8% during the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares during the last quarter. Maj Invest Holding A S acquired a new position in shares of Fiserv during the 3rd quarter worth approximately $172,993,000. Manning & Napier Advisors LLC acquired a new position in shares of Fiserv during the 2nd quarter worth approximately $105,031,000. Finally, Mizuho Securities USA LLC raised its position in shares of Fiserv by 1,238.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock worth $108,488,000 after purchasing an additional 558,774 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FI has been the subject of several research reports. UBS Group lifted their price objective on Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Compass Point initiated coverage on Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group lifted their price objective on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets lifted their target price on shares of Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. 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 company. According to MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus price target of $214.29.

Fiserv Stock Down 1.1 %

Shares of Fiserv stock opened at $218.46 on Tuesday. Fiserv, Inc. has a twelve month low of $129.60 and a twelve month high of $223.23. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a market cap of $124.28 billion, a price-to-earnings ratio of 42.01, a price-to-earnings-growth ratio of 1.69 and a beta of 0.93. The company has a fifty day moving average price of $200.25 and a 200 day moving average price of $173.36.

Fiserv (NYSE:FI) last issued its quarterly earnings data 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. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the business posted $1.96 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. Equities research analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 value of $8,078,800.00. Following the sale, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. This represents a 34.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction dated 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 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. Insiders have sold 235,821 shares of company stock worth $44,299,745 in the last quarter. 0.75% of the stock is owned by corporate insiders.

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.