Bank of Stockton Sells 316 Shares of Fiserv, Inc. (NYSE:FI)

Bank of Stockton lessened its stake in shares of Fiserv, Inc. (NYSE:FI) by 7.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,881 shares of the business services provider’s stock after selling 316 shares during the period. Bank of Stockton’s holdings in Fiserv were worth $697,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Waypoint Capital Advisors LLC raised its stake in shares of Fiserv by 1.7% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after purchasing an additional 51 shares in the last quarter. Cedar Mountain Advisors LLC increased its holdings in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares during the last quarter. Atwood & Palmer Inc. raised its position in Fiserv by 6.6% during the third quarter. Atwood & Palmer Inc. now owns 1,066 shares of the business services provider’s stock worth $192,000 after acquiring an additional 66 shares in the last quarter. Quent Capital LLC lifted its stake in Fiserv by 5.9% in the first quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after acquiring an additional 68 shares during the last quarter. Finally, Fielder Capital Group LLC grew its position in shares of Fiserv by 3.3% in the 2nd quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock valued at $317,000 after acquiring an additional 68 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird upped their target price on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. UBS Group upped their price objective on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday. TD Cowen lifted their target price on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Finally, Royal Bank of Canada lifted their price objective on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $202.08.

Insider Activity at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the firm’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 sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Fiserv news, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the transaction, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 227,890 shares of company stock valued at $40,934,217 over the last three months. 0.75% of the stock is owned by insiders.

Fiserv Price Performance

Shares of FI traded down $0.69 during trading hours on Friday, hitting $202.60. 398,411 shares of the company were exchanged, compared to its average volume of 2,472,524. 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, Inc. has a fifty-two week low of $111.53 and a fifty-two week high of $204.50. The company has a market cap of $118.54 billion, a price-to-earnings ratio of 37.99, a P/E/G ratio of 1.44 and a beta of 0.93. The firm’s fifty day moving average is $179.29 and its 200 day moving average is $162.09.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the firm earned $1.96 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that Fiserv, Inc. will post 8.74 earnings per share 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.