Fiserv, Inc. (NYSE:FI) Position Reduced by Park Avenue Securities LLC

Park Avenue Securities LLC reduced its stake in shares of Fiserv, Inc. (NYSE:FI) by 23.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,622 shares of the business services provider’s stock after selling 4,902 shares during the period. Park Avenue Securities LLC’s holdings in Fiserv were worth $2,806,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of FI. Cooper Financial Group lifted its holdings in Fiserv by 3.1% in the 1st quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock valued at $358,000 after acquiring an additional 67 shares during the last quarter. Quent Capital LLC raised its holdings in shares of Fiserv by 5.9% in the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after purchasing an additional 68 shares in the last quarter. Fielder Capital Group LLC lifted its stake in Fiserv by 3.3% during the second quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 68 shares during the last quarter. Andina Capital Management LLC boosted its holdings in Fiserv by 3.1% during the second quarter. Andina Capital Management LLC now owns 2,342 shares of the business services provider’s stock worth $349,000 after buying an additional 70 shares in the last quarter. Finally, Sage Mountain Advisors LLC grew its position in Fiserv by 3.0% in the second quarter. Sage Mountain Advisors LLC now owns 2,447 shares of the business services provider’s stock worth $365,000 after buying an additional 72 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In related news, CEO Frank Bisignano sold 145,000 shares of the business’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 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 approximately $525,916,949.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 211,890 shares of company stock worth $36,572,057 over the last three months. Corporate insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FI shares. TD Cowen increased their price objective on Fiserv from $182.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday. BMO Capital Markets boosted their target price on Fiserv from $175.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday. Oppenheimer began coverage on Fiserv in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price target for the company. Robert W. Baird lifted their price target on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Finally, Morgan Stanley raised shares of Fiserv from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $154.00 to $175.00 in a research note on Monday, July 22nd. Four analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $177.64.

Fiserv Price Performance

Shares of FI opened at $185.42 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $108.49 billion, a PE ratio of 34.66, a PEG ratio of 1.45 and a beta of 0.93. The firm’s 50 day moving average price is $170.71 and its 200 day moving average price is $158.82. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $185.51.

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

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.