Fiserv, Inc. (NYSE:FI) Stake Lessened by Profund Advisors LLC

Profund Advisors LLC decreased its position in shares of Fiserv, Inc. (NYSE:FI) by 4.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,813 shares of the business services provider’s stock after selling 422 shares during the period. Profund Advisors LLC’s holdings in Fiserv were worth $1,313,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FI. Symmetry Investments LP bought a new stake in shares of Fiserv in the 2nd quarter worth $1,961,000. Kayne Anderson Rudnick Investment Management LLC raised its position in Fiserv by 267.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 15,190 shares of the business services provider’s stock worth $2,264,000 after acquiring an additional 11,059 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Fiserv by 2.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 191,892 shares of the business services provider’s stock valued at $28,600,000 after acquiring an additional 4,208 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Fiserv by 38.8% during the 2nd quarter. Pacer Advisors Inc. now owns 62,455 shares of the business services provider’s stock valued at $9,308,000 after purchasing an additional 17,462 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its stake in shares of Fiserv by 0.4% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 118,534 shares of the business services provider’s stock worth $17,660,000 after purchasing an additional 500 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

FI stock opened at $179.27 on Tuesday. The firm has a 50 day moving average of $166.70 and a two-hundred day moving average of $157.03. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $179.53. The company has a market capitalization of $104.89 billion, a price-to-earnings ratio of 33.51, a P/E/G ratio of 1.38 and a beta of 0.93. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85.

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

Analyst Ratings Changes

A number of brokerages recently weighed in on FI. William Blair upgraded shares of Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada raised their price objective on Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. StockNews.com lowered Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Keefe, Bruyette & Woods lifted their price target on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, Wells Fargo & Company raised their target price on shares of Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Six 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 presently has an average rating of “Moderate Buy” and an average price target of $174.88.

Insider Activity

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction 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 $525,916,949.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction on 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 directly owns 2,965,084 shares in the company, valued at $525,916,949.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John Gibbons sold 18,890 shares of the firm’s 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 completion of the transaction, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. The disclosure for this sale can be found here. In the last quarter, insiders have sold 211,890 shares of company stock valued at $36,572,057. Insiders own 0.75% of the company’s stock.

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.