Longview Partners Guernsey LTD Has $608.18 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Longview Partners Guernsey LTD cut its position in Fiserv, Inc. (NYSE:FI) by 12.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,080,665 shares of the business services provider’s stock after selling 556,280 shares during the quarter. Fiserv comprises about 4.5% of Longview Partners Guernsey LTD’s portfolio, making the stock its 8th biggest holding. Longview Partners Guernsey LTD owned approximately 0.70% of Fiserv worth $608,182,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FI. Wellington Shields & Co. LLC acquired a new position in shares of Fiserv during the 1st quarter worth $25,000. GW&K Investment Management LLC acquired a new position in shares of Fiserv during the 4th quarter worth $27,000. RE Dickinson Investment Advisors LLC acquired a new position in shares of Fiserv during the 4th quarter worth $27,000. Family Firm Inc. acquired a new position in shares of Fiserv during the 2nd quarter worth $31,000. Finally, ZRC Wealth Management LLC acquired a new position in shares of Fiserv during the 1st quarter worth $32,000. 90.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP John Gibbons sold 18,890 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,350,427.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Gibbons sold 18,890 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. The disclosure for this sale can be found here. Insiders have sold a total of 66,890 shares of company stock valued at $10,853,407 over the last ninety days. Company insiders own 0.75% of the company’s stock.

Fiserv Trading Down 0.7 %

Shares of Fiserv stock opened at $177.61 on Friday. The firm has a market capitalization of $103.92 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 1.38 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The firm’s 50 day simple moving average is $166.23 and its two-hundred day simple moving average is $156.74. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $178.89.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same quarter in the prior year, the firm earned $1.81 earnings per share. Fiserv’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts predict that Fiserv, Inc. will post 8.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FI shares. Royal Bank of Canada boosted their price objective on Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. TD Cowen boosted their price objective on Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. KeyCorp boosted their price objective on Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Citigroup upgraded Fiserv to a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Morgan Stanley upgraded Fiserv from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $154.00 to $175.00 in a research report on Monday, July 22nd. Six investment 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.32.

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.