Hall Laurie J Trustee Decreases Stock Holdings in Fiserv, Inc. (NYSE:FI)

Hall Laurie J Trustee lowered its position in shares of Fiserv, Inc. (NYSE:FI) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,285 shares of the business services provider’s stock after selling 125 shares during the period. Fiserv comprises about 1.2% of Hall Laurie J Trustee’s investment portfolio, making the stock its 25th biggest holding. Hall Laurie J Trustee’s holdings in Fiserv were worth $3,755,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Clean Yield Group boosted its stake in shares of Fiserv by 431.3% during the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC grew its holdings in shares of Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares during the period. Kennebec Savings Bank bought a new position in shares of Fiserv in the 3rd quarter worth approximately $40,000. Friedenthal Financial purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $49,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Fiserv during the third quarter valued at approximately $44,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of research reports. Jefferies Financial Group increased their price objective on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Barclays raised their price target on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Wells Fargo & Company upped their price target on shares of Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday. Mizuho lifted their target price on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Robert W. Baird increased their price target on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Three research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $224.00.

Fiserv Price Performance

Fiserv stock opened at $208.67 on Monday. 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 firm has a market capitalization of $118.71 billion, a PE ratio of 40.13, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. Fiserv, Inc. has a 12-month low of $136.93 and a 12-month high of $223.23. The firm has a 50-day moving average price of $209.45 and a 200-day moving average price of $187.03.

Fiserv (NYSE:FI) last announced its quarterly 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 return on equity of 17.10% and a net margin of 15.22%. Fiserv’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.96 earnings per share. As a group, equities research analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Buying and Selling

In other news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares in the company, valued at approximately $15,386,074.60. This trade represents a 34.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Heidi Miller sold 30,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the sale, the director now directly owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,821 shares of company stock valued at $18,581,095 over the last three months. 0.75% of the stock is owned by company insiders.

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.