Fiserv, Inc. (NYSE:FI) Stock Holdings Lowered by Mizuho Securities USA LLC

Mizuho Securities USA LLC trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 17.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 37,333 shares of the business services provider’s stock after selling 7,780 shares during the quarter. Mizuho Securities USA LLC’s holdings in Fiserv were worth $6,707,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FI. Waypoint Capital Advisors LLC lifted its position in shares of Fiserv by 1.7% in the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after acquiring an additional 51 shares in the last quarter. Optas LLC grew its position in Fiserv by 1.7% during the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after purchasing an additional 54 shares in the last quarter. Cedar Mountain Advisors LLC lifted its position in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares in the last quarter. Covestor Ltd boosted its stake in shares of Fiserv by 7.6% during the 3rd quarter. Covestor Ltd now owns 832 shares of the business services provider’s stock valued at $150,000 after buying an additional 59 shares during the period. Finally, West Bancorporation Inc. raised its stake in shares of Fiserv by 3.8% during the 3rd quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider’s stock worth $296,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

FI has been the subject of several recent research reports. Citigroup boosted their target price on shares of Fiserv from $187.00 to $226.00 in a research report on Tuesday, October 22nd. TD Cowen lifted their target price on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods boosted their price objective on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Compass Point began coverage on Fiserv in a report on Wednesday. They issued a “buy” rating and a $278.00 target price on the stock. Finally, Tigress Financial upped their price objective on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $214.29.

Fiserv Stock Performance

Shares of Fiserv stock opened at $217.55 on Friday. 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 firm has a 50 day simple moving average of $194.83 and a 200 day simple moving average of $170.25. Fiserv, Inc. has a fifty-two week low of $125.05 and a fifty-two week high of $219.11. The firm has a market cap of $123.77 billion, a P/E ratio of 41.84, a P/E/G ratio of 1.64 and a beta of 0.92.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate of $2.26 by $0.04. The company had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $1.96 EPS. Sell-side analysts predict that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction 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 transaction, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 4.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction on 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 completion of the sale, the director now 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 235,821 shares of company stock valued at $44,299,745. 0.75% of the stock is currently owned by 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.