Independent Advisor Alliance Has $1.76 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Independent Advisor Alliance lowered its position in Fiserv, Inc. (NYSE:FI) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,814 shares of the business services provider’s stock after selling 127 shares during the period. Independent Advisor Alliance’s holdings in Fiserv were worth $1,763,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Maj Invest Holding A S bought a new position in Fiserv during the 3rd quarter worth about $172,993,000. Manning & Napier Advisors LLC bought a new position in shares of Fiserv during the 2nd quarter worth approximately $105,031,000. Mizuho Securities USA LLC boosted its holdings in shares of Fiserv by 1,238.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after buying an additional 558,774 shares during the last quarter. American Century Companies Inc. increased its position in Fiserv by 1,642.5% during the second quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock worth $74,556,000 after buying an additional 471,531 shares during the last quarter. Finally, Swedbank AB bought a new stake in Fiserv in the first quarter valued at approximately $52,503,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Oppenheimer initiated coverage on shares of Fiserv in a report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price objective for the company. BMO Capital Markets increased their target price on shares of Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Stephens lifted their price target on shares of Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Finally, Susquehanna increased their price target on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, October 18th. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $214.29.

Insiders Place Their Bets

In other news, Director Heidi Miller sold 30,000 shares of the company’s 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 transaction, the director now owns 33,235 shares in the company, valued at approximately $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the sale, the chief executive officer now 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. Over the last three months, insiders sold 235,821 shares of company stock worth $44,299,745. 0.75% of the stock is owned by corporate insiders.

Fiserv Stock Performance

Shares of FI stock opened at $222.45 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv, Inc. has a one year low of $125.42 and a one year high of $223.23. The business’s 50 day simple moving average is $197.64 and its 200 day simple moving average is $171.95. The stock has a market capitalization of $126.56 billion, a PE ratio of 42.78, a PEG ratio of 1.69 and a beta of 0.92.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share 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 business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter last year, the firm earned $1.96 earnings per share. Fiserv’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, research analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Fiserv 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.