Fiserv, Inc. (NYSE:FI) Holdings Decreased by ValueAct Holdings L.P.

ValueAct Holdings L.P. trimmed its position in shares of Fiserv, Inc. (NYSE:FI) by 69.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,103,759 shares of the business services provider’s stock after selling 2,551,882 shares during the period. Fiserv comprises 4.6% of ValueAct Holdings L.P.’s investment portfolio, making the stock its 6th largest position. ValueAct Holdings L.P. owned 0.19% of Fiserv worth $164,504,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in Fiserv by 0.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,720,962 shares of the business services provider’s stock worth $7,147,305,000 after purchasing an additional 417,459 shares during the period. Capital World Investors increased its stake in Fiserv by 7.4% in the 1st quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock worth $3,011,031,000 after purchasing an additional 1,303,078 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Fiserv by 0.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider’s stock worth $1,069,204,000 after purchasing an additional 64,332 shares during the period. Veritas Asset Management LLP purchased a new position in Fiserv in the 4th quarter worth approximately $927,298,000. Finally, Parnassus Investments LLC purchased a new position in Fiserv in the 4th quarter worth approximately $900,674,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FI has been the topic of a number of analyst reports. 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. TD Cowen boosted their target price on Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Wells Fargo & Company boosted their target price on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. KeyCorp boosted their target price on Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Finally, Royal Bank of Canada boosted their target price on Fiserv from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $174.88.

Fiserv Trading Up 0.9 %

Fiserv stock opened at $179.27 on Tuesday. 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 business’s fifty day simple moving average is $166.70 and its two-hundred day simple moving average is $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 price-to-earnings-growth ratio of 1.38 and a beta of 0.93.

Fiserv (NYSE:FI) last released 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 return on equity of 16.41% and a net margin of 17.45%. The business had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the previous year, the company posted $1.81 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, equities analysts predict that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In other news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. The transaction 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 stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the transaction, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. The transaction 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 company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The disclosure for this sale can be found here. Insiders sold 211,890 shares of company stock worth $36,572,057 over the last quarter. 0.75% of the stock is currently owned by insiders.

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.